Northern Arc Capital Ltd. saw its shares jump significantly during Monday's trading session, August 31, 2026, after a substantial block deal was executed. The stock surged by 11.85%, reaching a day high of ₹319.60 on the NSE, up from its previous close of ₹285.75.
Block Deal Details Propel Stock
According to data from the NSE, a block deal involving 1,20,59,167 equity shares was recorded during the morning trading window. This significant transaction was valued at ₹335.24 crore. While the sheer volume and value of the deal sparked investor interest, the identities of the buyers and sellers involved were not disclosed at the time of publication.
Market observers anticipate that further details regarding the entities involved and the average price of the transaction will be made available through exchange disclosures after market hours on August 31, 2026.
Strong Q1 Financial Performance
The surge in share price also comes on the heels of a robust first-quarter earnings report from Northern Arc Capital. For the April-June quarter of the fiscal year 2027 (FY27), the non-banking financial company (NBFC) reported a standalone profit after tax (PAT) of ₹122 crore. This represents a healthy 17.5% year-on-year (YoY) increase compared to ₹104 crore in the corresponding quarter of the previous fiscal year.
Furthermore, Northern Arc Capital's revenue from core operations demonstrated strong growth, reaching ₹754.08 crore for the quarter. This marks a 35% increase from the ₹557.93 crore reported in the same period a year earlier, indicating solid operational expansion.