Urban Company shares surge 14% after SBI MF increase stake with ₹600 crore purchase Shares of Urban Company Ltd. rose as much as 14% on Wednesday, March 18, following a significant stake increase by SBI Mutual Fund. The mutual fund purchased shares worth ₹632.2 crore in a block deal that occurred on Tuesday, representing nearly 4% of the company’s outstanding equity. This move pushed the stock’s price higher, with shares trading at ₹125.42 on Wednesday, up 13.9% from the previous day. The block deal on Tuesday involved the sale of nearly 4.6% of Urban Company’s equity by three entities. Existing shareholders DF International II Fund and Wellington Hadley Harbor sold their entire stakes, marking their exit from the company. ABG Capital, which held a 1.36% stake as of December 31, offloaded 1.2% of its holdings, equivalent to 1.74 crore shares. The sale coincided with the expiration of a six-month lock-in period for shareholders, which freed up 940.9 million shares, or 66% of the company’s total outstanding shares, according to Nuvama Alternative & Quantitative Research. SBI Mutual Fund already held a 1.89% stake in Urban Company as of December 31, and the recent purchase brought its total stake to nearly 4%. The company’s shares had previously surged after its initial public offering (IPO) in September 2025, when they were priced at ₹103 per share. The stock briefly hit a high of ₹201 within days of listing but later reversed course due to concerns over profitability and increased investments in its new Instahelp service. The stock temporarily dipped below the IPO price before rebounding. The recent stake increase by SBI MF has reignited investor interest in the company, which has been navigating challenges related to its business model and financial performance.#urban_company #abg_capital #sbi_mf #df_international_ii_fund #wellington_hadley_harbor
Bulk and Block Deals on March 17: Key Stocks in Focus After Large Transactions On Tuesday, March 17, 2026, significant bulk and block deals were recorded on the Indian stock market, drawing attention to several companies including Urban Company, Bajel Projects, Ideaforge, and Websol Energy. These transactions are expected to influence investor focus on Wednesday, March 18, as market participants analyze the activity. Block deals, which involve trades of at least ₹10 crore in a single transaction, were executed for Urban Company. SBI Mutual Fund purchased 3,50,63,090 shares at an average price of $109.95. Meanwhile, ABG Capital and DF International sold 1,74,10,090 and 1,76,53,000 shares respectively, both at $109.95, which were acquired by SBI Mutual Fund. These transactions highlight the active interest in Urban Company’s shares. On the National Stock Exchange (NSE), Ideaforge Techno Ltd saw multiple bulk deals. NK Securities Research Private Limited, Puma Securities, Microcurves Trading Private Limited, HRTI Private Limited, Musigma Securities, and Junomoneta Finsol Private Limited collectively bought over 14 lakh shares at prices ranging from ₹429.24 to ₹433.5. Conversely, some entities sold shares at slightly lower prices, indicating potential price fluctuations. Regaal Resources Ltd experienced a buy and sell transaction by HRTI Private Limited, which initially purchased 4,55,245 shares at ₹78.16 and later sold 5,21,123 shares at ₹78.3. Similarly, Websol Energy System Ltd saw HRTI Private Limited buying 16,35,607 shares at ₹58.85 and selling 24,93,344 shares at ₹58.69. These movements suggest shifting investor sentiment. Gokul Agro Resources Ltd recorded transactions between NK Securities Research Private Limited and GRT Strategic Ventures LLP.#urban_company #sbi_mutual_fund #abg_capital #df_international #ideaforge_techno_ltd
