Urban Company shares touched a day high of Rs 146 on the NSE on Thursday, after a large Rs 428 crore block deal drew fresh investor interest.

The move came after 3.15 crore shares, roughly 2% of the company’s total shares, changed hands in a pre market block deal at Rs 136 apiece.

That price worked out to around a 6% discount to where the stock was trading at the time.

SBI Mutual Fund picked up the stake, while early investors Accel and VY Capital were the sellers. SBI has been building its position in Urban Company for a while now.

It held close to 1.89% in December last year, which climbed to around 5.9% by March this year. With this latest purchase, its holding is set to rise further to around 8%. The block deal comes right after Urban Company’s June quarter results.

Revenue for the quarter rose 44% year on year to Rs 528.34 crore, a strong number for the home services platform. The net loss, though, widened to Rs 92 crore as the company kept spending on growth.

Some parts of the business did better than others. Revenue from the core India operations grew 31% year on year, and margins improved to 23% from 14.8% a year earlier.

The international business grew 82% and actually turned profitable at the operating level, a shift from a loss in the same quarter last year.

On InstaHelp, order volumes rose 43% from the previous quarter to 3.82 million, and the loss per order narrowed too, even as the average order value slipped a bit.

As of 12:28 pm on Thursday, Urban Company shares were trading at Rs 143.88 on the NSE, up 3.47% for the day.

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