Market Performance Today
Tracxn Technologies shares witnessed a sharp surge in early trade on Tuesday, hitting the 20% upper circuit. This comes a day after renowned investor Mukul Mahavir Agrawal purchased 20 lakh shares of the company for Rs 6.6 crore in a bulk deal.
- The stock opened with a 6.46% gap-up gain.
- It climbed to an intraday high of Rs 40.68 per share, reaching its upper circuit limit of 20%.
- By around 12:30 pm, the shares pared some gains, trading at Rs 37.50, still up 10.62% from the previous close.
The sudden surge marks a continuation of the stock’s upward momentum observed over the past two trading sessions.
Main News: Agrawal’s Bulk Share Purchase
The significant spike in Tracxn Tech’s stock price follows Mukul Agrawal’s bulk purchase on Monday:
- Shares bought: 20,00,000
- Price per share: Rs 33
- Total investment: Rs 6.6 crore
As per BSE shareholding data, Agrawal’s holding in Tracxn Tech stood at 20 lakh shares, representing a 1.88% stake as of December 31, 2025.
This transaction highlights the investor’s confidence in Tracxn Tech, further driving trading interest in the stock.
Company Details: About Tracxn Technologies
Tracxn Technologies is a Bengaluru-based SaaS company, offering market intelligence services focused on private companies.
- Founded: 2015
- Founders: Neha Singh and Abhishek Goyal, former venture capitalists at Sequoia Capital and Accel Partners
- Business Model: Software-as-a-Service (SaaS)
- IPO: 2022
The company has carved a niche by providing data-driven insights on private markets, helping investors and businesses make informed decisions.
Additional Investments by Mukul Agrawal
Alongside Tracxn Tech, Agrawal also made a purchase in Laxmi India Finance:
- Shares held: 20 lakh
- Price per share: Rs 92.55
- Equity stake: 3.83% as of December 31, 2025
This shows Agrawal’s diversified approach, investing in multiple growth-oriented companies.
Summary
Tracxn Tech’s stock rose to its 20% upper circuit following a bulk share purchase by Mukul Agrawal. The surge reflects investor interest and confidence in the company’s SaaS-driven market intelligence model. With its Bengaluru base, strong founding team, and recent IPO in 2022, Tracxn Tech continues to attract attention from prominent investors.
The day’s trading saw the stock move from Rs 33 per share to an intraday high of Rs 40.68, highlighting strong buying momentum. Even after some profit booking, it remained up over 10%, marking one of the notable price movements in the stock market today.
Source: Moneycontrol
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