Pune-based SageOne Investment Managers has acquired 3.2 percent equity stake in kidswear manufacturer Karnika Industries via open market transactions on July 6.
Perhaps, SageOne may have used the buying opportunity in the sharp correction in the stock price which may be after the June quarter earnings announced over the last weekend. The stock closed 13.29 percent down at Rs 96.90 after gap-down opening, while the intraday low was Rs 90.25 on the National Stock Exchange.
SageOne through its Flagship Growth OE Fund, the Category III alternative investment fund, has bought 19.91 lakh shares (representing 3.2 percent of paid-up equity) in Kolkata-based Karnika Industries for Rs 18.18 crore.
The buying price was Rs 91.33 per share.
Karnika Industries has recorded consolidated profit of Rs 9.1 crore for the quarter ended June 2026, falling 1.9 percent from Rs 9.3 crore in previous quarter due to lower other income. Revenue during the same period grew by 2.8 percent to Rs 73.8 crore, while EBITDA surged 65.5 percent sequentially to Rs 12.7 crore from Rs 7.68 crore with margin expanding 653 bps to 17.23 percent from 10.7 percent in the same period.
Meanwhile, Green Portfolio, and Golden Bird Investment Trust have acquired nearly 1.7 percent stake in Agarwal Toughened Glass India, tempered safety glasses and insulating glass manufacturer.
Investment management firm Green Portfolio has bought 92,400 shares (0.52 percent stake) in Agarwal Toughened Glass for Rs 1.27 crore at Rs 137.74 per share, and The Golden Bird Investment Trust - I purchased 2.06 lakh shares (1.16 percent stake) for Rs 2.86 crore at Rs 138.61 per share.
However, VPK Global Ventures Fund - Scheme 1 sold 1.5 lakh shares (0.84 percent stake) at Rs 139.52 per share, valued at Rs 2.09 crore. The fund held 3.18 percent stake in Agarwal Toughened Glass as of March 2026.
Lloyds Enterprises sold 6.63 lakh shares (0.96 percent stake) in Bharat Wire Ropes for Rs 14.6 crore, at a price of Rs 220.07 per share.