Reliance Industries and 2 Other Stocks Jump Up to 5% After Goldman Sachs Buys Stake

Synopsis:- Several large-cap stocks were in focus after Goldman Sachs executed block deals, buying over 5.13 million, 2.17 million, and 2.56 million shares across counters. The transactions, worth over ₹1,000 crore, were matched by Morgan Stanley sales, indicating institutional stake realignments rather than fresh selling pressure.

A block deal is a largely negotiated trade between two parties, executed on the stock exchange through a special window. These high-value transactions, typically involving institutional investors, allow bulk buying or selling without disrupting market prices. Block deals often signal strategic interest, fund movements, or stake changes in a listed company. As per the latest corporate shareholdings filed, Goldman Sachs India Limited publicly holds 48 stocks with a net worth of over Rs. 8,031.9 crore.

Axis Bank

Axis Bank is one of India’s leading private sector banks, offering a wide range of retail, corporate, and digital banking services. With a strong focus on technology, customer-centric solutions, and prudent risk management, the bank continues to expand its domestic and international footprint.

With a market capitalization of Rs 4,12,517.05 crore, the shares were trading at Rs 1,329.00 per share, increasing around 1.11 percent as compared to the previous closing price.

Axis Bank saw significant block deal activity, with Goldman Sachs Bank Europe SE purchasing around 5.13 million shares in multiple tranches at Rs 1,313.90 each. Simultaneously, Morgan Stanley Asia (Singapore) sold an equivalent number of shares at the same price, indicating an institutional stake reshuffle rather than incremental selling pressure. The transaction is valued at Rs 674 crore. 

Vedanta Ltd

Vedanta Ltd is a diversified natural resources company with operations spanning metals, mining, oil and gas, and power. Backed by a strong asset base, the company plays a key role in India’s industrial ecosystem, supplying essential raw materials while focusing on cost efficiency and value creation.

With a market capitalization of Rs 2,88,997.23 crore, the shares were trading at Rs 739.05 per share, increasing around 4.73 percent as compared to the previous closing price.

The company saw a block deal, where Goldman Sachs Bank Europe SE bought 2.17 million shares at Rs 699.45 apiece, while Morgan Stanley Asia (Singapore) sold an equal quantity at the same price. The transaction suggests an institutional stake transfer rather than market-driven selling pressure.

Reliance Industries Ltd

Reliance Industries is India’s largest conglomerate with businesses across energy, petrochemicals, retail, and digital services. Known for scale and innovation, the company leverages integrated operations and strong execution to drive growth, transform consumer markets, and support India’s digital and economic development.

With a market capitalization of Rs 18,90,486.43 crore, the shares were trading at Rs 1,397.00 per share, increasing around 1.15 percent as compared to the previous closing price.

The company witnessed a heavy block deal, Goldman Sachs Bank Europe SE purchasing around 2.56 million shares across three tranches at Rs 1,383.90 each. However, Morgan Stanley Asia (Singapore) sold an identical quantity at the same price. The mirrored transactions indicate a large institutional stake transfer without immediate market impact or pricing pressure.

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