Tracxn Technologies shares experienced a dramatic surge on Tuesday, hitting the 20% upper circuit limit in early trade. According to reports from Moneycontrol, the stock opened with a 6.46% gap-up gain and advanced to an intraday high of ₹40.68 per share on the National Stock Exchange (NSE). The stock has maintained an upward trajectory for the past two trading sessions, with shares trading at ₹37.50 per share as of 12:30 pm, still representing a 10.62% gain. This performance comes despite weak trends on Dalal Street, demonstrating the stock's resilience amid broader market sell-off pressure.
The sharp price movement was triggered by a significant bulk purchase by ace investor Mukul Mahavir Agrawal. As reported by Moneycontrol, Agrawal purchased 20 lakh shares at ₹33 per share on Monday through a bulk deal, amounting to a total investment of ₹6.6 crore. According to BSE shareholding data, Agrawal's stake in the company increased to 1.88% as of December 31, 2025, up from his previous holding. Despite this rally, the stock remains down over 50% in the past year and about 14% in 2026, with a market capitalisation of around ₹366 crore.
Tracxn Technologies operates on a Software-as-a-Service (SaaS) model and provides market intelligence on private companies. According to Moneycontrol, the Bengaluru-based company was founded in 2015 by Neha Singh and Abhishek Goyal, both former venture capitalists with Sequoia Capital and Accel Partners respectively. The company made its stock market debut in 2022 following its initial public offering.
As reported by Moneycontrol, Agrawal also made another significant investment, purchasing 20 lakh shares of Laxmi India Finance at ₹92.55 per share. According to BSE shareholding data, his total stake in Laxmi India Finance represents a 3.83% equity stake as of December 31, 2025. This additional transaction demonstrates Agrawal's continued active investment approach across multiple companies, with both smallcap stocks remaining steeply below recent highs and IPO or yearly levels for investors.