Electronics Mart India Ltd Shares gained over 4% on 21 September after 2.5% equity of the company changed hands in a block deal.

Around 96.2 lakh shares of Electronics Mart that, represent 2.5% of the total stake of the company changed hands in a block deal worth Rs 137.6 crore.

The buyers and sellers involved in this deal are yet to be identified.

The company is a retailer of electronic home appliances and consumer durables. Its headquarters are located in Hyderabad and Telangana.

The company operates stores under its several brands across Andhra Pradesh, Telangana, and Delhi NCR.

In its quarterly report for the April-June quarter, the company reported a 48.2% YoY increase in its net profit at Rs 60.26 crore with a 19.95% YoY increase in its revenue from operations at Rs 1,691.5 crore for the same duration.

The company made its debut on the bourses on 17 October 2022 and has gained over 43% from its issue price of Rs 59 since then.

At 3:30 pm, Electronics Mart shares closed at Rs 150.80 or 4.98% above its previous close on NSE.