LG and 3 Other Stocks in Focus After BNP Paribas Buys Shares via Block Deal

SYNOPSIS: BNP Paribas executed notable block deals in select large-cap stocks, placing them in focus for Wednesday’s trading session after the market holiday, with investor attention on institutional activity and stock-specific movements.

As a leader in banking and financial services in Europe, BNP Paribas operates through a well-diversified and integrated business model spanning three core segments: Corporate & Institutional Banking, Commercial, Personal Banking & Services and Investment & Protection Services. This balanced structure enables the group to effectively serve a wide range of customer needs while delivering consistent and sustainable performance over the long term.

The following is a list of four large-cap stocks that will remain in focus tomorrow, following significant block deal transactions executed on the BSE (Bombay Stock Exchange) by the French multinational bank, BNP Paribas Financial Markets. With markets closed on 31st March on account of Shri Mahavir Jayanti, these developments are likely to carry over into Wednesday’s trading session, 1st April.

Siemens Energy India Limited

With a market cap of Rs. 91,510.5 crores, the stock moved down by over 2 percent on BSE, to close in the red at Rs. 2,569.65 on Monday, as against its previous closing price of Rs. 2,629.2.

The French multinational bank, BNP Paribas Financial Markets, bought 1,69,072 equity shares in Siemens Energy via a block deal on the BSE. The total deal transaction was valued at nearly Rs. 43.4 crores, executed at an average price of Rs. 2,565 per share. However, on the sell side, Morgan Stanley Asia (Singapore) PTE. offloaded an equivalent number of shares at the same price.

Siemens Energy India Limited offers fully integrated products, solutions and services across the energy value chain of oil & gas production, power generation and transmission for various customers such as utilities, independent power producers and engineering, procurement and construction (EPC) companies, comprising the entire part of the business.

GMR Airports Limited

With a market cap of Rs. 89,434.5 crores, the stock moved down by nearly 5 percent on BSE, to close in the red at Rs. 84.7 on Monday, as against its previous closing price of Rs. 89.1.

As per the latest block deal, BNP Paribas Financial Markets bought 36,29,539 equity shares in GMR Airports Limited via BSE. The total deal transaction was valued at nearly Rs. 31.12 crores, executed at an average price of Rs. 85.75 per share. However, on the sell side, Copthall Mauritius Investment Limited offloaded an equivalent number of shares at the same price.

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, is mainly engaged in the development, maintenance and operation of airports, construction business including Engineering, Procurement and Construction (EPC) contracting activities and providing security services.

LG Electronics India Limited

With a market cap of Rs. 97,835 crores, the stock moved down by more than 6 percent on BSE, to close in the red at Rs. 1,441.35 on Monday, as against its previous closing price of Rs. 1,537.85.

As per the latest block deal, BNP Paribas Financial Markets bought 2,47,539 equity shares in LG Electronics via BSE. The total deal transaction was valued at nearly Rs. 36 crores, executed at an average price of Rs. 1,455 per share. However, on the sell side, Goldman Sachs Bank Europe SE offloaded an equivalent number of shares at the same price.

LG Electronics India Limited is engaged in the business of manufacturing and trading of televisions (flat panel, signage, projectors, monitor TV, etc.), air conditioners, refrigerators, microwave ovens, washing machines, dishwashers, vacuum cleaners, ceiling fans, monitors, audio visual, water purifiers, air purifiers, compressors, personal computers, and security cameras.

Max Healthcare Institute Limited

With a market cap of Rs. 93,581.5 crores, the stock moved down by over 1 percent on BSE, to close in the red at Rs. 961.65 on Monday, as against its previous closing price of Rs. 974.95.

As per the latest block deal, BNP Paribas Financial Markets bought 5,88,678 equity shares in Max Healthcare via BSE. The total deal transaction was valued at nearly Rs. 57 crores, executed at an average price of Rs. 969 per share. However, on the sell side, Citigroup Global Markets Singapore PTE Limited offloaded an equivalent number of shares at the same price.

Max Healthcare Institute Limited is a prominent integrated healthcare service provider, engaged in the provision of healthcare services through primary care clinics, multi-speciality hospitals/medical centres and super-speciality hospital facilities. These include ‘managed facilities’ and medical facilities of third-party healthcare service providers with whom the company has entered into long-term service contracts for providing operation and management, medical services, clinical, radiology, pathology services and related healthcare services.

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