Geojit Financial Services Share Price Jumps 8% Amid Block Deal Buzz; Rekha Jhunjhunwala Portfolio Stock in Focus

The Geojit Financial share price came into sharp focus during Monday’s trading session as the stock witnessed a sudden surge in activity. The move unfolded amid reports of a large block deal, drawing market attention to the small-cap counter that is part of the Rekha Jhunjhunwala portfolio.

In a market where volumes often tell the story before headlines do, Geojit Financial stood out early in the session.

Market Performance: Geojit Financial Stock Price Sees Sharp Intraday Move

The Geojit Financial stock price rallied strongly in intraday trade, reversing early weakness to post sharp gains.

Here’s how the session played out:

• Opening price: ₹67.66
• Previous close: ₹70.01
• Day’s high: ₹76
• Intraday rise: 8.5%

By 10:25 am, the stock was trading at ₹73.60, up 5.13%, as buying interest continued through the session.

Main News: Block Deal Activity Drives Heavy Trading Volumes

The surge in the Geojit Financial share price followed media reports pointing to a significant block deal in the stock.

As per reports:

• Shares involved: 4.25 crore
• Equity changed hands: 15.25%
• Total deal value: ₹290 crore
• Average price reported: ₹68 per share

These transactions were said to have taken place through multiple deals. Details regarding the Geojit Financial block deal buyers and sellers are expected to emerge through official disclosures released after market hours.

Unusual Volume Spike Signals Heightened Activity

Trading data reflected the sudden surge in participation.

• Total volume on BSE: 16.57 lakh shares
• Two-week average volume: 0.10 lakh shares

This sharp jump in traded quantity highlighted unusually high interest in the stock during the session, aligning with reports of large transactions.

Company Details: Rekha Jhunjhunwala Portfolio Holding

Geojit Financial Services is part of the Rekha Jhunjhunwala portfolio, with the investor holding a notable stake in the company.

As per the September quarter shareholding pattern:

• Stake held: 7.20%
• Number of shares: 2,00,99,400

Rekha Jhunjhunwala is the wife of late market veteran Rakesh Jhunjhunwala, and her portfolio holdings are closely tracked by market participants.

Geojit Financial Share Price Trend Over Time

While Monday’s rally drew attention, the stock’s recent performance has seen pressure over shorter periods.

According to exchange data:

• Year-to-date decline: 38%
• One-year decline: 41%

However, over longer horizons, the stock has delivered stronger returns:

• 3-year return: 68%
• 5-year return: 45%
• 10-year return: 125%

These figures provide a broader context for the stock’s movement amid the current block deal activity.

Summary: Block Deal Reports Put Geojit Financial in the Spotlight

The Geojit Financial share price saw a sharp intraday rise of up to 8.5%, driven by reports of a ₹290 crore block deal involving 15.25% equity. The surge was accompanied by a significant spike in trading volumes, pointing to heightened market participation.

With the stock being part of the Rekha Jhunjhunwala portfolio, Monday’s movement placed Geojit Financial firmly in focus as investors await official disclosures on the block deal participants.