Synopsis:
SBI Funds acquired a 1.42 percent stake in Goodluck India by purchasing 4.73 lakh shares for Rs. 58.2 crores, while Arpna Capital sold a 1.1 percent stake for Rs. 45 crores.
During Tuesday’s trading session, shares of a specialised engineered steel products manufacturer serving automobile, aerospace, oil & gas, T&D, defence, solar and overall infrastructure space surged nearly 5 percent on BSE, after SBI bought a 1.4 percent stake in the company worth more than Rs. 58 crores via NSE.
At 12:09 p.m., the shares of Goodluck India Limited were trading in the green at Rs. 1,266.45 on BSE, up by around 2.2 percent, as against its previous closing price of Rs. 1,238.55 with a market cap of Rs. 4,209 crores. The stock has delivered positive returns of around 3 percent in the last one year, and has gained by over 24 percent in the last one month.
What’s the News
SBI Funds Management Limited purchased 4.73 lakh equity shares in Goodluck India Limited, equivalent to a 1.42 percent stake, via a bulk deal on the NSE. The deal transaction was valued at nearly Rs. 58.2 crores, with shares changing hands at an average price of Rs. 1,229.92 per share.
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On the sell side, Arpna Capital Services Private Limited offloaded 3.65 lakh shares in the company, representing a 1.1 percent stake, for roughly Rs. 45 crores at an average price of Rs. 1,230.56 apiece. As per the June 2025 shareholding data available with the BSE, Arpna Capital Services held a 1.11 percent stake in Goodluck India.
Financials & more
Goodluck India reported a marginal growth in its revenue from operations, showing a year-on-year increase of around 8 percent from Rs. 913 crores in Q1 FY25 to Rs. 983 crores in Q1 FY26. Similarly, its net profit increased during the same period from Rs. 36 crores to Rs. 40 crores, representing a rise of around 11 percent YoY.
Goodluck India Limited is engaged in the business of manufacturing and sale of engineering products such as heavy engineered structures, transmission and distribution towers, CDW tubes, precision tubes, pipes, sheets and forged engineering products. It has manufacturing facilities located at Sikandrabad Industrial Area and Dadri in Uttar Pradesh and Kutch in Gujarat.
Its products are used globally by end customers in sectors such as automotive, infrastructure, engineering, defence, aerospace, oil & gas, and more. The company is a supplier to some of the biggest names across the Indian aerospace and defence ecosystem, including HAL, DRDO, Mazagon Dock, BEML, L&T Defence, and Godrej Aerospace. Defence accounts for about 2 percent of its total revenue.
As of Q1 FY26, the company’s total capacity stands at 5 lakh MTPA, comprising 2.85 lakh MTPA of high-margin value-added products and 2.15 lakh MTPA of high-volume products.
Written by Shivani Singh
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