On September 29, 2026, shares of AXISCADES and TCI Express experienced significant price movements due to large block deals executed during the trading session. AXISCADES shares surged to their 10% upper circuit limit, while TCI Express shares rallied by as much as 20%, reflecting strong investor activity and market interest.
- AXISCADES shares hit the upper circuit limit of ₹2,067.40, up 10% from the previous close.
- TCI Express shares gained up to 20%, reaching an intraday high of ₹583.20.
- AXISCADES block deal involved 45.49 lakh shares valued at ₹829.72 crore.
- TCI Express block deal involved 6.10 lakh shares worth ₹29.59 crore.
- Block deals are large transactions exceeding ₹10 crore, conducted within a specific time window on stock exchanges.
What caused AXISCADES shares to hit the upper circuit?
AXISCADES Technologies saw a large block deal where 45.49 lakh shares were traded at ₹1,824 per share, resulting in a transaction value of ₹829.72 crore. This significant trading volume and value contributed to the stock price rising sharply, hitting the upper circuit limit of ₹2,067.40 per share on the National Stock Exchange (NSE) on September 29, 2026.
The stock has shown strong performance recently, rising more than 9% in the past week and 30% over the last month. On a year-to-date basis, AXISCADES shares have increased by 54%. The stock’s 52-week high was ₹2,211 on May 11, 2026, and its low was ₹1,063.30 on January 22, 2026. As of September 29, 2026, the company’s market capitalization stood at ₹8,793.37 crore.
Why did TCI Express shares rally 20%?
TCI Express recorded a block deal worth ₹29.59 crore, with 6.10 lakh shares changing hands at an average price of ₹485 per share during the morning session. This large transaction created positive momentum in the stock, which rallied as much as 20% to an intraday high of ₹583.20 on the NSE.
At around 12:13 PM on the same day, TCI Express shares were trading 15.86% higher at ₹563.10. The stock has gained 16% in the past week and 2% over the past month, though it has declined 4% on a year-to-date basis. The 52-week high for TCI Express was ₹746.75 on September 30, 2026, while the low was ₹447.55 on March 27, 2026. Its market capitalization as of September 29, 2026, was ₹2,167.29 crore.
What is a block deal and how does it affect stock prices?
A block deal is a large transaction involving a minimum order size of ₹10 crore, executed through a single trade during a specific time window on stock exchanges. These deals typically involve institutional investors or large stakeholders buying or selling substantial quantities of shares.
Block deals can significantly impact stock prices due to the large volume of shares traded at once. They often indicate strong buying or selling interest, which can lead to sharp price movements as seen with AXISCADES and TCI Express on September 29, 2026.
Frequently Asked Questions
Q: What does it mean when a stock hits its upper circuit?
A: The upper circuit is the maximum price limit set by stock exchanges for a stock on a given trading day. When a stock hits this limit, trading is temporarily halted or restricted to prevent excessive volatility.
Q: Why are block deals important for investors?
A: Block deals indicate large transactions by institutional investors, which can signal confidence or concern about a company’s prospects. They often influence market sentiment and stock price movements.
Q: Can retail investors participate in block deals?
A: Block deals are usually conducted between large investors and are executed within a specific time window. Retail investors typically do not participate directly but can be affected by the resulting price changes.
