Stock prices of three Indian companies, EPACK Durable Limited, One Mobikwik Systems Limited, and SG Mart Limited, experienced fluctuations due to block deals. EPACK Durable’s shares rose by 2.13%, while One Mobikwik’s and SG Mart’s shares saw declines of 1.57% and 0.59%, respectively. These large transactions involving significant stakes and share volumes caused fluctuations in market prices.
1. EPACK Durable Limited
With a market capitalization of Rs. 4,864.60 crores, the shares of EPACK Durable Limited have reached an intraday high of Rs. 512 per equity share, rising nearly around 3.15 percent from its previous day’s close price of Rs. 496.35.
India Advantage Fund S4-I sold a 0.58% stake in EPACK Durable Limited at an average price of Rs 500.12 per share, generating a total of Rs 28.05 crore from the transaction. As of September 2024, India Advantage Fund S4-I has held a stake of 6.66 percent.
EPACK Durable Limited was incorporated in April 2019 as EPACK Durables Solutions Private Limited. The company is a leading Indian manufacturer of room air conditioners and small domestic appliances.
The company is based in Greater Noida, Uttar Pradesh. The company transitioned to a public limited entity in June 2023, expanding its operations in the consumer durables sector.
2. One Mobikwik Systems Limited
With a market capitalization of Rs. 4,887.63 crores, the shares of One Mobikwik Systems Limited have reached an intraday high of Rs. 672 per equity share, rising nearly around 5.24 percent from its previous day’s close price of Rs. 638.55.
Peak XV Partners Investment Holdings III sold a 1.5% stake in One Mobikwik Systems at an average price of Rs 679.38 per share, totaling Rs 81.63 crore from the transaction. As of 16 December 2024, Peak XV Partners Investment Holdings III has held a stake of 2.81 percent.
One Mobikwik Systems Limited was established in March 2008 and is a leading fintech company offering prepaid digital wallets and online payment services. It provides services like bill payments, online purchases, money transfers, and QR code payments.
With 161.03 million registered users and 4.26 million merchants, Mobikwik offers innovative products like MobiKwik ZIP and Merchant Cash Advance.
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3. SG Mart Limited
With a market capitalization of Rs. 4,124.18 crores, the shares of SG Mart Limited have reached an intraday high of Rs. 378.50 per equity share, rising nearly around 1.84 percent from its previous day’s close price of Rs. 371.65.
Oaklane Capital Management LLP acquired a 1.6% stake in SG Mart at an average price of Rs 370.12 per share, totaling Rs 66.62 crore for the transaction.
SG Mart Limited was incorporated in 1985 and renamed in October 2023. The company is a B2B platform specializing in the trading of building materials.
The company is headquartered in Delhi, India, and offers products like TMT bars, welding rods, tiles, and electrical items. The company partners with leading brands such as APL Apollo, Havells, and Kajaria.
Written By – Nikhil Naik
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