Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock
Choice International share price: BNP Paribas offloaded 11 lakh shares of Choice International worth ₹78 crore in a block deal, with Societe Generale also selling nearly the same amount. Despite the sale, the stock remained steady, backed by strong fundamentals and solid FY25 earnings.
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French multinational bank and financial services company BNP Paribas on Wednesday sold 11 lakh shares in Choice International via a block deal which were worth Rs 78 crore while Societe Generale bought nearly as many shares.The shares of Choice International were bought and sold at a price of Rs 705.20 a piece which were on par with the Tuesday closing price. Today, the smallcap stock closed at Rs 704.55 on the NSE, down by Rs 0.65 or 0.09%.Prior to the block deal, BNP Paribas held 40,01,631 equity shares, representing 2% in the company as on March 31, 2025.The stock's market capitalisation is Rs 14,093 crore on the BSE.Choice International is a diversified financial services company listed on both the NSE and BSE. Incorporated in 1992 and headquartered in Mumbai, the company operates across multiple segments, including broking and distribution, non-banking financial company (NBFC) services, and advisory services.Shares of Choice International are trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 604 and Rs 524 crore, respectively. The stock has been quite volatile and traded with a 1-year beta of 1.2 according to Trendlyne.Choice International is a multibagger stock with returns of 112% over the past one year while its year-to-date returns stand at 27%. It has outperformed Nifty whose returns in the same periods stand at 12% and 4%, respectively.The company reported a consolidated net profit of Rs 54 crore in the quarter ended March 31, 2025 versus Rs 39 crore in the year ago period which is a 36% jump. As for the revenue, an 18% uptick was seen as the company reported a topline of Rs 255 crore in Q4FY25 versus Rs 216 crore in the corresponding quarter of the previous financial year.Also Read: Ola Electric block deal: Citigroup buys shares worth Rs 435 crore; Hyundai Motor, KIA sellers
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