Shares of Northern ARC Capital Ltd fell sharply by 6.84% to ₹199.26 in Friday’s session, June 20, after a significant block trade triggered intense market activity. Around 2.23 crore shares, representing 13.84% of the company’s equity, exchanged hands in early trade at an average price of ₹197 per share, aggregating to a deal size of approximately ₹440 crore.
This large equity movement comes just a few days after the stock touched its 52-week high of ₹350.00. The stock opened weaker today at ₹195.30 and touched an intraday low near that level before slightly recovering.
As of 9:20 AM, the company’s market cap stood at ₹32,090 crore with over 1.06 million shares traded already—well above its average volume.
While the identities of the buyers and sellers involved in this large deal have not yet been confirmed, the significant offloading has weighed on investor sentiment. The stock has also seen heightened volatility this week, reflecting broader concerns over liquidity moves and positioning shifts in mid-cap financial names.
More details on the transaction and participants may be revealed in subsequent exchange filings.
