Microcap Stock in Focus After Promoter Buys Stake in Company via Open Market

SYNOPSIS: Promoter entity Ballygunge Family Trust increased its stake in this building materials company through recent open market purchases, signalling confidence, with shareholding rising to 3.98 percent from 3.95 percent.

During Friday’s trading session, shares of one of India’s leading building materials marketplaces and a one-stop solution for all building materials hit a 5 percent upper circuit on BSE, after one of its promoters increased its stake by acquiring shares in the company through open market transactions.

With a market cap of Rs. 259.5 crores, shares of Shankara Building Products Limited closed in the green at Rs. 107 on BSE, up by around 3 percent, as against its previous closing price of Rs. 104.35. The stock has delivered negative returns of over 22 percent in one year, and has fallen by around 1 percent in the last one month.

What’s the News

As per recent stock exchange disclosures, Shankara Building Products Limited has witnessed incremental share accumulation at the promoter level, indicating continued confidence in the company’s outlook.

One of its promoters, The Ballygunge Family Trust, acquired 8,639 equity shares, representing around 0.0356 percent stake, through an open market transaction on 25th March 2026. Following this purchase, its shareholding increased from 9,57,670 shares (3.95 percent) to 9,66,309 shares (3.98 percent). Earlier, on 23rd March, the same promoter had acquired 14,871 equity shares, equivalent to around 0.0613 percent stake, also through open market purchases.

Financials & More

Shankara Building Products reported a decline in revenue from operations, experiencing a year-on-year fall of nearly 71 percent, from Rs. 1,437 crores in Q3 FY25 to Rs. 420.4 crores in Q3 FY26. Likewise, the company’s net profit decreased during the same period from Rs. 17.7 crores to Rs. 1.23 crores, representing a fall of nearly 93 percent YoY.

Shankara Building Products Limited, one of India’s leading organised retailers of home improvement and building products, deals with a number of product categories, including structural steel, cement, TMT bars, hollow blocks, pipes and tubes, roofing solutions, welding accessories, primers, solar heaters, plumbing, tiles, sanitary ware, water tanks, plywood, kitchen sinks, lighting and other allied products.

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