Baazar Style Retail shares hit their day high of ₹402.65, locking at the 5% upper circuit for the third straight session amid stake buy.

The rally has been driven by news of a stake acquisition by Aditya Kumar Halwasiya, chairman and managing director of healthcare company Cupid Ltd.

Over these three sessions, the stock has climbed a combined 16%. Tuesday’s move alone added another 5% right from the opening bell.

Here’s what triggered the buying interest. On Monday, Halwasiya picked up 4.5 million shares of Baazar Style Retail in a block deal, and another 4.5 million shares through a bulk deal, both at ₹362 apiece.

On the other side of these trades, three of the company’s promoters sold their holdings at the same price.

Bhagwan Prasad sold 3 million shares, Shreyans Surana sold 4.2 million shares, and Sidharth Surana sold 1.8 million shares, adding up to 9 million shares changing hands from promoters to the new investor.

Baazar Style Retail is a Kolkata-based value fashion retailer that’s been around since 2013, with a strong footprint across Eastern India, particularly West Bengal.

As of the June quarter, the company operates 276 stores across 198 cities in 10 states.

Its numbers have been improving too: net profit for the quarter rose 8% year-on-year to ₹2.2 crore, revenue grew 29% to ₹486.4 crore, and EBITDA increased 24% to ₹71.9 crore.

The stock’s performance has stood out against the broader market. It’s gained 36% over the past month and 49% since the start of 2026, while the Nifty 50 has stayed roughly flat over the same monthly period and is down about 7.5% for the year so far.

As of 14:40 pm, Baazar Style Retail shares were trading at ₹402.65, up 4.99% for the day.

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