Moneycontrol PRO
HomeNewsBusinessMarketsBulk Deal: Ashish Chugh picks up 2.7 lakh shares of MIRC Electronics

Bulk Deal: Ashish Chugh picks up 2.7 lakh shares of MIRC Electronics

The Onida-maker’s stock closed the day at Rs 16.54, up 4.2%, with volumes surging to nearly 15 lakh shares.

July 16, 2025 / 22:56 IST
The shares were bought at an average price of Rs 5.44, translating to a deal value of approximately Rs 14.94 lakh

On July 17, 2025, the following bulk deal took place on the exchange:

Value investor Ashish Chugh acquired 2.74 lakh shares of MIRC Electronics Ltd via a bulk deal on July 16, according to exchange data. The shares were bought at an average price of Rs 5.44, translating to a deal value of approximately Rs 14.94 lakh.

Chugh, known for his deep-value investing style and early turnaround bets, has historically backed companies trading at beaten-down valuations with underlying business potential. His latest purchase in MIRC Electronics — owner of the “Onida” brand — has piqued interest given the stock’s recent trajectory.

The stock closed at Rs 16.54, up Rs 0.67 (4.22 percent) for the day. It traded between a low of Rs 15.81 and a high of Rs 16.70, with total volume at 14.91 lakh shares. While the stock remains within its 52-week range of Rs 11.06 to Rs 32.99, it is currently closer to the lower end but showed upward movement today.

The company designs, manufactures and sells consumer electronics and home appliances under the Onida brand, with a focus on TVs, air-conditioners, and washing machines.

MIRC’s financials remain under pressure. In Q4FY25, the company posted a net loss of Rs 4.3 crore versus a Rs 1.2 crore profit a year earlier, with revenue declining 12 percent Year - over - Year to Rs 152 crore.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions

Moneycontrol News
first published: Jul 16, 2025 10:56 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347