IT stock hits 20% upper circuit after Mukul Agrawal buys stake worth ₹6.6 Cr in the company

Synopsis: Shares of the leading tech and data service provider hit a 20% upper circuit after ace investor Mukul Mahavir Agrawal bought 20 lakh shares worth Rs. 6.6 crore, boosting sentiment despite a 47% YoY decline in share price.

The shares of this market intelligence platform that provides data and software for the global private markets, including transactions, financials, shareholding and more are now in the spotlight after it hit a 20 percent upper circuit in today’s market following an ace investor mukul agrawal shows interest in it.

With a market capitalisation of Rs. 392 cr, the shares of Tracxn Technologies Ltd were trading at Rs. 36.76 per share, hit a 20% upper circuit in today’s market session, making a high of Rs. 40.56, up from its previous close of Rs. 33.80 per share. The stock has significantly underperformed, declining 47% over the past year, 8% year-to-date, 30% in the last six months, and 2% over the past month.

Bulk Deal 

Ace investor Mukul Mahavir Agrawal carried out a bulk purchase transaction on 9 February 2026, acquiring 20 lakh equity shares through the National Stock Exchange (NSE), according to exchange disclosures. 

The shares were purchased at an average price of Rs. 33 per share, translating into a total transaction value of Rs. 6.6 crore. The deal was executed as a delivery-based transaction and not an intraday trade, indicating a longer-term investment intent. As of Q3FY26, Mukul Agrawal holds 1.88% stake in the company.

About the Company

Tracxn Technologies Ltd is a leading private market data platform providing comprehensive coverage of over 5 million companies globally, powered by 3,000+ data feeds across industries and 50+ countries. Its platform enables deep market research, deal sourcing aligned with investment mandates, robust company due diligence, and real-time tracking of funding rounds, corporate developments, and emerging industry trends. 

They serve a broad client base including VC and PE firms, M&A teams, investment banks, Fortune 500 innovation units, as well as government bodies, accelerators, incubators, and universities, helping them monitor innovation and make informed investment decisions.

It reported muted financial performance, with sales declining 2% YoY to Rs. 21 crore in Dec 2025. Profitability weakened sharply as EBITDA slipped to a loss of Rs. 1.7 crore from a profit last year, while net profit fell to a loss of Rs. 0.81 crore from a profit of Rs. 1.42 crore. EPS turned negative at Rs. -0.08, reflecting continued margin pressure.

Promoters of the company increased their holding from 34.39% in Q2FY26 to 34.44% in Q3FY26. FII’s rose to 0.84% from 0.41%, DII’s also increased to 3.30% from 3.24%. The public slightly decreased their holding from 61.95% to 61.42% over the same period. 

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