Overview
- SBI Mutual Fund acquired about 5.76 crore shares (~4% of equity) for Rs 632.2 crore, lifting its holding to 5.87% from 1.89%.
- The stock jumped intraday by roughly 13–18% on March 18, touching about Rs 130.11, and finished up 10% at Rs 121.20.
- Shares slipped up to 4.4% to Rs 115.85 on March 19 as traders booked profits.
- After the six‑month lock‑in expired, Wellington, DF International and ABG Capital sold a combined 4.6% stake worth about Rs 734 crore.
- Urban Company reported a Q3 FY26 net loss of around Rs 21 crore despite 33% year‑on‑year revenue growth, and JM Financial recently set a Buy rating with a Rs 125 March‑2027 target.