Northern Arc Capital jumps 10% after Rs 335-crore block deal. Should you buy?

Shares of Northern Arc Capital surged 10% on the National Stock Exchange (NSE) on Monday after 1.21 crore shares changed hands in a large block deal during its morning session.

The stock was trading at Rs 314.95, up Rs 29.20 or 10.22%, as of 12:44 pm. It opened at Rs 301.30, compared with its previous close of Rs 285.75, and climbed as much as 10.2% to an intraday high of Rs 315.

The stock remained above its opening price and VWAP around noon, indicating that the early gains had largely held through the session.


Rs 335-crore block deal

In the pre-market block-deal session, about 1.21 crore Northern Arc Capital shares changed hands at Rs 278 apiece, in a transaction valued at Rs 335.24 crore.

The deal was struck 2.71% below Friday's closing price of Rs 285.75, and at a 13% discount to the current market price of Rs 314.95.

The shares have risen as much as 23.55% in 2026 so far.

The identities of the buyers and sellers were not immediately available. Exchange disclosures containing the participants' names are expected after the end of the trading session, according to reports.

Q1 results

Northern Arc Capital reported its first-quarter results last month. Net interest income rose 44.2% year on year to Rs 496.1 crore from Rs 344.1 crore, while total revenue increased 30% to Rs 767.5 crore from Rs 590.6 crore.

Provisions increased to Rs 110.5 crore from Rs 103 crore in the year-ago period, while basic earnings per share rose to Rs 7.54 from Rs 6.42.

The company's lending assets under management grew 26% to Rs 16,855 crore. Its direct-to-customer lending AUM increased 51% to Rs 10,766 crore, accounting for 64% of total lending AUM.

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