Stellar Wealth Partners India Fund I LP, a Delaware-based investment partnership founded by Gautam Baid, has acquired a 0.87 percent stake in Sakar Healthcare Limited for ₹12.95 crore. According to reports, the fund purchased 1.95 lakh shares at a price of ₹664.58 per share. Meanwhile, Zerodha Broking Limited acquired shares worth ₹93.04 crore in Nazara Technologies Limited, a video game development company, purchasing 35 lakh shares representing a 0.94 percent stake at ₹265.85 per share. These strategic investments occurred on May 15, 2026, amid broader market recovery with Nifty 50 closing at 23,689.60 and Sensex at 75,398.72.
The bulk deals triggered significant positive market reactions, with Sakar Healthcare Limited shares surging 16.16 percent to close at a record high of ₹696.7 amid strong volumes on the National Stock Exchange. As reported, Nazara Technologies Limited shares also saw strong buying interest, rising 12.76 percent to ₹299.95. However, valuation concerns persist across these investments - Sakar Healthcare trades at a P/E ratio of about 44, significantly higher than pharmaceutical peers averaging 30.3, while Nazara Technologies faces complex valuations ranging from negative to over 140, with recent figures between 11.5 to 28.63 despite Q4 FY26 profit growth. The gaming sector also faces regulatory pressures and competition, potentially limiting growth prospects.
In Nazara Technologies Limited, promoter entities also participated in significant transactions. Mitter Infotech LLP sold 1.92 crore shares, representing a 5.19 percent stake, for ₹511.95 crore at ₹266 per share. Conversely, Axana Estates LLP purchased 1.47 crore shares, equivalent to a 3.98 percent stake, for ₹392.9 crore at the same price. The transaction price for both deals was ₹266 per share. While the promoter activity appears balanced, it adds caution to the investment landscape, particularly given the complex valuation challenges facing the gaming sector.
Separately, ICICI Prudential Mutual Fund acquired 2 lakh shares, representing a 0.019 percent stake, in Pidilite Industries Limited from Balvant K Parekh Foundation at ₹1,460 per share. According to reports, this transaction demonstrates continued institutional interest in the diversified industrial company's shares, with Pidilite Industries holding a P/E ratio around 60, suggesting investors anticipate steady, market-leader growth in the consumer durables sector. The broader market showed resilience on May 15, 2026, with indices recovering despite macroeconomic pressures including a weakening rupee hitting 95.96/$ and high crude oil prices.
