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Reading: Scoda Tubes block deal: Morgan Stanley promote shares price Rs 7.6 crore on this smallcap inventory
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StockWaves > Financial News > Scoda Tubes block deal: Morgan Stanley promote shares price Rs 7.6 crore on this smallcap inventory
Financial News

Scoda Tubes block deal: Morgan Stanley promote shares price Rs 7.6 crore on this smallcap inventory

StockWaves By StockWaves Last updated: June 13, 2025 3 Min Read
Scoda Tubes block deal: Morgan Stanley promote shares price Rs 7.6 crore on this smallcap inventory
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Morgan Stanley on Friday offered 4.2 lakh shares price Rs 7.6 crore in smallcap counter Scoda Tubes through a block deal. The shares have been offered by its subsidiary Morgan Stanley Asia Singapore Pte at a value of Rs 181.42 a chunk which was at a reduction of two.5% from the Thursday closing value of Rs 186.11.

The inventory as we speak ended the session at Rs 179.50 on the NSE, down by Rs 6.61 or 3.55% as bears dominated the D-Avenue after Israel launched assaults in opposition to navy and nuclear websites in Iran, which left key navy commanders and nuclear scientists useless whereas stoking fears of a full-blown struggle within the area.

Scoda Tubes has enterprise pursuits in stainless-steel pipes and tubes manufacturing. The corporate provides seamless & welded stainless-steel options for a world market.

Scoda Tubes shares have outperformed Nifty, delivering returns of 28% over a 1-year interval versus Nifty’s returns of 6% in the identical interval. During the last one month, the inventory has given returns of 28% versus a 0.4% decline seen by the 50-stock index.

Over 30 firms witnessed block offers as we speak among the distinguished names embrace Nazara Applied sciences, Remedium Lifecare, Orient Tradelink, Modison and Enbee Commerce Finance.

Stay Occasions


Ace investor Rakesh Jhunjhunwala linked entity on Friday offered 13 lakh shares price Rs 159 crore of Nazara Applied sciences through a block deal. The entity referred to as ‘Property of Late Mr. Rakesh Jhunjhunwala offloaded shares at a value of Rs 1,225.19 a chunk which was at a 2% low cost over the Thursday closing value of Rs 1,246.80.Shares of Nazara Applied sciences ended at Rs 1,325 on the NSE, gaining by Rs 78.20 or 6.27%. The gaming inventory hit a recent 52-week excessive of Rs 1,341.80 as we speak.This smallcap firm with a market capitalisation of Rs 11,609 operates in three verticals viz. gaming, esports and ad-tech.

(Disclaimer: Suggestions, recommendations, views and opinions given by the consultants are their very own. These don’t signify the views of Financial Occasions)

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