India, Oct. 24 -- Amid an uptick in ArisInfra shares over the past month, investor Premlatha Agarwal yesterday offloaded 4.17 Lakh shares in the B2B ecommerce company via a bulk deal worth INR 7.4 Cr.

As per NSE data, the shares were sold at INR 176.9 apiece, a premium of more than 1% over the stock's last closing price of INR 174.95 on the BSE. Curiously, Agarwal also bought 70,884 shares in the company at INR 176.13 each, translating into a total of INR 1.24 Cr.

The development comes as investors look to book profits amid a big spurt in ArisInfra shares. The stock has been on an upswing after brokerage firm Anand Rathi last month gave a 'Buy' rating on the stock with a target price of INR 164.

What has also helped is its profitable s...