Bulk Deals: Apollo Pipes picks up Kisan Mouldings shares; Suzlon, Shankara see heavy block activity

The Indian equities market on Monday saw a series of notable bulk and block trades across mid-cap counters, with action concentrated in Kisan Mouldings, Suzlon Energy, and Shankara Building Products.

In a bulk deal, Apollo Pipes Ltd acquired 12 lakh shares of Kisan Mouldings at Rs 41.25 apiece. Meanwhile, existing shareholders Singhal Enterprises and Balaji Agencies sold 6 lakh and 6.5 lakh shares, respectively, at similar prices, signalling a shift in shareholding. Block Deals

Block deals were dominated by action in Suzlon Energy, where a flurry of institutional buying unfolded at a price of Rs 66.05 per share. Motilal Oswal Mutual Fund led the pack, purchasing 4.5 crore shares, while other major buyers included Aditya Birla Sun Life Mutual Fund, ICICI Prudential Life Insurance, Bandhan Mutual Fund, Sundaram Mutual Fund, Edelweiss Mutual Fund, and global investors such as Goldman Sachs (Singapore), Société Générale and Morgan Stanley Asia. The deals highlight continued institutional confidence in Suzlon amid a broader sectoral shift towards green energy plays.

However, the buying came alongside a significant promoter selloff. Vinod Ranchhodbhai Tanti, Tanti Ranchhodbhai Ramjibhai, Rambhaben Tanti, and Tanti Holdings Private Limited together offloaded over 19 crore shares, signalling a large-scale stake reduction by the founding family.

In a separate set of block trades, Shankara Building Products Ltd witnessed high-value buying at Rs 926.1 per share. Investors such as Singularity Equity Fund, SageOne Investment Managers LLP, ACE Infracity Developers, and Chartered Finance and Leasing Ltd were among the key participants in the buying activity. At the same time, promoter Sukumar Srinivas pared his stake significantly, selling over 21 lakh shares through multiple tranches.