This Small-Cap Textile Stock Jumps 7% on Tuesday After Samit Vartak-Led SageOne Fund Buys 19,91,000 Shares Through Bulk Deal
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SageOne Flagship Growth OE Fund acquired 19,91,000 shares of Karnika Industries through a bulk deal on the NSE at an average price of Rs 91.33 per share.
✨ Key Takeaways
On Tuesday, Indian benchmark indices traded marginally higher in early trade. As of the latest available trade, the Nifty 50 gained 21.05 points, or 0.09 per cent, to 24,451.40. Amid the positive market sentiment, Karnika Industries share price jumps 6.8 per cent to Rs 103.50 following a bulk deal involving SageOne Flagship Growth Open-Ended (OE) Fund.
SageOne Fund Acquires 19.91 Lakh Shares
According to the bulk deal data available on the NSE, SageOne Flagship Growth OE Fund purchased 19,91,000 equity shares of Karnika Industries Ltd. on July 6, 2026.
The transaction was executed at an average price of Rs 91.33 per share, taking the total deal value to approximately Rs 18.18 crore.
The acquisition was carried out through a bulk deal on the National Stock Exchange (NSE), indicating institutional interest in the company.
Samit Vartak-Led Fund Behind the Investment
The buyer, SageOne Flagship Growth Open-Ended (OE) Fund, is one of the flagship Category III Alternative Investment Funds (AIFs) managed by SageOne Investment Managers.
The fund is led by Samit Vartak, Founder and Chief Investment Officer (CIO) of SageOne Investment Managers. He is widely recognised in the Indian equity market for his long-term, research-driven investment approach and has built a strong reputation for identifying high-growth businesses through bottom-up stock selection.
The latest investment reflects the fund's participation in Karnika Industries, a Small-Cap company operating in the textile and apparel segment.
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About Karnika Industries
Karnika Industries Limited is engaged in the manufacturing and trading of garments and textile products. The company caters to both domestic and export markets and focuses on supplying quality apparel across multiple customer segments.
Over the years, Karnika Industries has continued expanding its product portfolio and strengthening its presence in the textile value chain, supported by increasing manufacturing capabilities and customer relationships.
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Disclaimer: The article is for informational purposes only and not investment advice.