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

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.

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