NEW DELHI – Shares of jumped 5 per cent in early trade on Tuesday after veteran investor Ashish Kacholia bought 225,000 shares of Sastasundar Ventures at Rs 447 apiece through a bulk deal on the National Stock Exchange.
The counter climbed to a high of Rs 466.85 as against the previous close of Rs 444.65 on the National Stock Exchange.
Kacholia already held 1.04 per cent stake or 3.3 lakh shares in the online pharmacy and healthcare services provider as of September 2021.
Bulk deal data on the National Stock Exchange showed that Microsec Vision Trust One sold 2,25,000 shares of the company at Rs 447 per share on Monday.
Last month, Sastasundar Ventures announced a strategic partnership with the Flipkart Group, under which the e-commerce giant will acquire a majority stake in an SVL subsidiary, Sastasundar Marketplace (SML), to make a foray in the health-tech arena, reports said.
The company’s shares have enjoyed a stellar run this year, delivering returns of more than 250 per cent year-to-date as investors have cheered its growth prospects.
In the July-September quarter, the company had reported a consolidated net loss of Rs 4.54 crore as against a net loss of Rs 2.23 crore during the previous quarter ended September 2020. Net sales rose 12.2 per cent to Rs 158.91 crore in Q2 FY22 over Q2 FY21.
Kacholia’s portfolio includes hospitality, education, infra and manufacturing stocks.
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