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PratapDarpan > Blog > Buisness > Market Insight > Bofa Angel One, Newwama Rs. 500 crore blocks get in the transaction
Market Insight

Bofa Angel One, Newwama Rs. 500 crore blocks get in the transaction

PratapDarpan
Last updated: 10 May 2025 03:52
PratapDarpan
1 week ago
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Bofa Angel One, Newwama Rs. 500 crore blocks get in the transaction
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On Friday, Bank America (BOFA) bought shares by block deals in Angel One and Nuwama Wealth Management. In the previous case, Bofa has received Rs. 15.19 lakh shares of 348 crore were purchased, while in the latter case 2.59 lakh shares were Rs. 44 crore was purchased.

Bofa obtained Angel One Share at Rs 2,293.21 per share, which was at a 1.5% discount on the NSE at a closed price of Rs 2,330.20 on Thursday. Today, the stock closed at Rs 2,325.40, which is Rs. Is below 4.80 or 0.21%.

Speaking of Nuvama, Bofa selected shares at a price of Rs 5,930.43 per share, which was 1% premium at Rs 5,874 at a previous closing price. Today, the stock expired at Rs 5,950, which was Rs. Receives 76 or 1.3%.
In both deals, Hong was the seller of Oxbo Master Fund Limited. This fund is Rs 15.22 lakh shares of Angel One Rs. 349 crore is sold while Rs. Load floated 2.6 lakh shares at a cost of Rs.

Angel One saw a sharp decline in its quarterly earnings in the fourth quarter of FY 25. After tax, the profit of the brokerage Pay FIRM was reduced by 48.7% year-by-year-year (YO) to Rs. 174.52 crore. He also posted a reduction of 38% quarter-on-quarter (QQ) in profits after tax (PAT), which was below 281.5 crore in Q3 FY2.

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      Angel’s total revenue also saw a 16% QQQ, which was Rs. It was reduced from 1,263.8 crore to 1,057.8 crore.

      Angel One Share is on a turn to witness the erosion price of 23%this year. On a one -year basis, the decline is 4%.

      Nuva, on the other hand, has dropped 15% so far in 2025, while its return is 18% over a period of 1 year.

      (Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)

      (Now you can subscribe to our Etmarkets WhatsApp channel)

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