Marval Guru Fund offloads 2.1% stake in Shankara Building Products, promoter sells 0.8% shares in MIC Electronics

Stocks to Watch Today, 23 February

• Marval Guru Fund offloads 2.1% stake in Shankara Building Products
• Promoter sells 0.8% shares in MIC Electronics
• Malabar India Fund sells 1.38% stake in Ganesh Benzoplast

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Ballygunge Family Trust has acquired more than 2 percent stake in Shankara Building Products, the home improvement and building materials retailer, from Toronto-based Marval Capital via open market transactions on February 20.

Shankara Building Products shares soared 2 percent to Rs 105.27 amid high than average volumes.

The Ballygunge Family Trust has bought 5.1 lakh shares (equivalent to 2.1 percent of paid-up equity) in Shankara Building Products for Rs 5.35 crore from Marval Guru Fund, a part of Toronto-based India-focused investment firm Marval Capital. The shares exchange has taken place at a price of Rs 105 per share.

Marval Guru Fund held 3.55 percent stake in Shankara Building Products as of December 2025.

MIC Electronics also saw brisk action on Friday, falling 1 percent to Rs 40.65 as promoter entity R R K Enterprise further 20 lakh shares (0.82 percent stake) in the Hyderabad-based LED video displays, and lighting solutions manufacturer, at Rs 41 per share, amounting to Rs 8.2 crore.

R R K Enterprise also sold 20 lakh shares on Tuesday, taking the total to 40 lakh shares offloaded in the current week.

Baazar Style Retail shares rebounded after five-day losing streak, rising 1.22 percent to Rs 332.1, may be after investor Ekta Halwasiya has picked up 4 lakh shares (0.53 percent stake) in the lifestyle retailer at Rs 328.76 per share, valued at Rs 13.15 crore.

Ganesh Benzoplast shares saw a significant ranged breakout on Friday, rising 9.64 percent to Rs 88.5 amid high volumes, and sustaining in the momentum.

Malabar India Fund, a hedge fund managed by Sumeet Nagar's Malabar Investments, sold 10 lakh shares (1.38 percent stake) in chemical company Ganesh Benzoplast at Rs 81 per share for Rs 8.1 crore. However, Goel Seema has acquired 10.03 lakh shares (1.38 percent stake) at same price, valued at Rs 8.12 crore.

Meanwhile, Energy Infrastructure Trust was also in focus as Neo Treasury Plus Fund has picked up 30.5 lakh units for Rs 25.92 crore from Shahi Exports at Rs 85 per unit.