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Norges Bank adds multibagger Cartrade Tech, 2 more smallcaps in Rs 209 crore worth bulk deals

by TheAdviserMagazine
8 months ago
in Business
Reading Time: 2 mins read
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Norges Bank adds multibagger Cartrade Tech, 2 more smallcaps in Rs 209 crore worth bulk deals
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Norway’s sovereign wealth fund on Friday bought shares of a multibagger Cartrade Tech along with two other smallcap stocks Aarti Pharmalabs and Tanla Platforms via bulk deals. The combined deal size was worth Rs 209 crore.

Cartrade Tech bulk deal

The shares of Cartrade Tech were bought by Norges Bank on Account of the Government Pension Fund Global, the NSE bulk deal data showed. Norges bought 3,88,859 equity shares of the multibagger stock at a price of Rs 2522.8 apiece, taking the total deal size to Rs 98 crore.CarTrade.com is an Indian online auto classifieds platform which acts as a marketplace for users interested in buying and selling new and used vehicles.

Shares of Cartrade have delivered returns of 170% in the past one year while its year-to-date returns stand at 67%.

Aarti Pharmalabs bulk deal

Norges Bank bought 4,84,643 shares in Aarti Pharmalabs at a price of Rs 930.32 apiece taking the deal size to Rs 45 crore. The smallcap company with a market capitalisation of Rs 8,344 crore on the NSE.

The company develops Active Pharmaceutical Ingredients (API) and New Chemical Entities (NCE), API intermediates and Regulatory Starting Materials (RSM), among other things.

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The stake buy comes on the back of a strong run in the pharma stock this year and on a one year basis. The stock has rallied 32% in 2025, so far while surging 41% over a 1-year period.

Tanla Platforms bulk deal

Norges Bank bought Tanla Platforms’ 8,79,213 shares at a price of Rs 745.1 apiece, taking the deal size to Rs 66.Tanla is a CPaaS company offering data security, privacy, spam and scam protection. Headquartered in Hyderabad (India), Tanla has partnered with global tech giants like Google, Meta, and Truecaller.Tanla Platforms shares have eroded by 19% in a year, while remaining flat in 2025.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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