BNP Paribas buys stakes in 4 stocks via block deals; LG Electronics, Max Health & 2 more

Synopsis

BNP Paribas executed block deals in Siemens Energy India, GMR Airports, LG Electronics India and Max Healthcare. Despite institutional buying, all stocks declined, reflecting broader market weakness, profit booking and cautious sentiment across equities during the trading session.

French multinational bank BNP Paribas executed multiple block deals across counters including Siemens Energy India, GMR Airports, LG Electronics India and Max Healthcare Institute.

In Siemens Energy India, BNP Paribas bought 1.69 lakh shares at Rs 2,565 apiece in a deal worth around Rs 43 crore. The shares were offloaded by Morgan Stanley Asia (Singapore). The stock, however, ended the day at Rs 2,569.65 on the BSE, down 2.26%.

In another transaction, BNP Paribas acquired 36.29 lakh shares of GMR Airports at Rs 85.75 per share, amounting to Rs 31 crore. The seller was Copthall Mauritius Investment Limited. GMR Airports shares closed 5.53% lower at Rs 84.16 on the NSE.

The foreign institution also picked up 2.47 lakh shares in LG Electronics India at Rs 1,455 per share in a deal valued at Rs 36 crore, with the counterparty being Goldman Sachs Bank Europe SE. The stock witnessed sharp selling pressure, ending 7.04% lower at Rs 1,427.90.

Also read: Bulk deals: Mukul Agrawal sells stake in microcap laggard; Societe General buys Rs 76 crore stake in Sammaan Capital

In Max Healthcare Institute, BNP Paribas bought 5.88 lakh shares at Rs 969 apiece, aggregating to Rs 57 crore. The shares were sold by Citigroup Global Markets Singapore. The stock declined 1.55% to close at Rs 960 on the BSE.

Overall, despite the inflow of institutional interest through block deals, all four stocks ended the session in the red, reflecting broader market weakness and possible profit-booking at higher levels.

The above stocks witnessed block deal action on the day markets witnessed significant selling pressure. Nifty's final session of FY26 ended in the deep red, settling 5% lower in the financial year ended March 31, 2026 while the BSE Sensex plunged 7% in the same period. The 50-stock index fell 2% on Monday to close at 22,331.40, recording its second successive fall, dragged by a sell-off across sectors. Heavyweight sectors like banking, auto, and IT contributed the largest share.

Meanwhile, the volatility gauge India VIX ended at 27.89, up by 4.04% from the last closing.

Also read: Investors lose Rs 1.34 lakh cr in FY26 as Sensex slumps 7%, Nifty ends 5% lower; PSU banks shine

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