On July 19, Sportking India Ltd shares surpassed over 7% to Rs 902.80 after a series of bulk stakes purchases by distinct stock investors.

Anil Kumar Goel, an individual investor, picked up 1,31,558 shares, accounting for a 1.04% stake in Sportking India at an average price of Rs 842 per share. On July 14, Seema Goel acquired 64,000 shares, on behalf of a 0.5% stake in Sportking India, at an average price of Rs 825 per share.

Sportking India Limited, a textile manufacturing firm and a part of the Sportking Group, manufactures various yarns (such as cotton yarn, synthetic yarn, and blended yarn), fabrics, and attires.

In Q4FY23, Sportking India described net sales at Rs 533.67 crore in March 2023, down 10.06% from Rs 593.37 crore in March 2022.
Besides, quarterly net profit stood at Rs 30.86 crore in March 2023, down 70.32% from Rs 103.96 crore a year back.