Ethos Share Price in Focus as Quant Mutual Fund Acquires 2.6% Stake for Rs 175 Crore; Jupiter Fund Management Sells
- July 13, 2026
- Posted by: Neeraj Pandey
- Category: News
Quant Mutual Fund buys 7 lakh Ethos shares at Rs 2,500 for Rs 175 crore, a 2.6% stake. Seller Jupiter Fund Management sold 2.7%. Jupiter schemes offloaded Rs 180.64 crore combined.
The Ethos share price is in focus after Sandeep Tandon-founded Quant Mutual Fund acquired 7 lakh shares of the luxury watch retailer, representing a 2.6 percent stake, for Rs 175 crore. The shares were purchased at Rs 2,500 apiece through block deals on the exchanges, marking a significant fresh institutional entry into the counter.
On the other side of the transaction, UK-based Jupiter Fund Management sold a 2.7 percent stake in Ethos through two of its schemes. Jupiter Global Fund-Jupiter India Select sold 2.23 lakh shares worth Rs 55.84 crore, while Jupiter India Fund offloaded 4.99 lakh shares valued at Rs 124.8 crore. The churn in institutional ownership is the key trigger for the Ethos share price this week.
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Quant Mutual Fund Stake Purchase in Ethos: Deal Details
The block deal saw one marquee institution replace another on the shareholder list of Ethos. According to the March 2026 shareholding pattern, Jupiter India Fund held a 2 percent stake, or 5.34 lakh shares, in the company before this sale.
| Deal Parameter | Detail |
|---|---|
| Buyer | Quant Mutual Fund |
| Shares bought | 7 lakh shares (2.6 percent stake) |
| Purchase price | Rs 2,500 per share |
| Deal value | Rs 175 crore |
| Seller | Jupiter Fund Management (2.7 percent) |
| Jupiter Global Fund-Jupiter India Select | 2.23 lakh shares, Rs 55.84 crore |
| Jupiter India Fund | 4.99 lakh shares, Rs 124.8 crore |
The purchase price of Rs 2,500 per share is close to the recent trading range of the Ethos share price, which has hovered between Rs 2,450 and Rs 2,510 in July 2026. The company commands a market capitalisation of roughly Rs 6,600 crore.
Ethos Share Price Performance and Valuation Snapshot
The Ethos share price has corrected meaningfully from its peak. The stock has a 52-week high of Rs 3,245.90 and a 52-week low of Rs 1,919.40, and at current levels it trades around 23 percent below the 52-week high. The stock has declined around 7 percent over the past year, underperforming during phases of margin pressure.
Despite the price correction, the business has continued to deliver strong topline growth. Ethos reported net sales of Rs 468.52 crore in Q3 FY26, up 26.65 percent year on year, driven by store expansion and resilient demand for luxury watches. This combination of a corrected Ethos share price and healthy revenue growth is what appears to have attracted Quant Mutual Fund to the counter.
Why Institutions Are Tracking the Ethos Share Price
1. Direct Play on Luxury Consumption in India
Ethos is India’s leading luxury watch retailer, selling global brands including Rolex, Omega, TAG Heuer, Longines, Rado and Breitling. India’s expanding base of affluent and high-net-worth consumers makes the company one of the strongest listed plays on premium consumption.
2. Healthy Balance Sheet with Large Net Cash
The company ended FY26 with roughly Rs 760 crore of net cash, giving it ample flexibility for store expansion and inventory investment without stretching its balance sheet. A cash-rich balance sheet has historically provided downside support to the Ethos share price during volatile phases.
3. Currency Headwinds Remain the Key Risk
A large share of luxury watches sold in India is imported from Switzerland, so a stronger Swiss Franc raises procurement costs and squeezes margins until price hikes are passed on. Brokerages expect this pressure to ease gradually as currency volatility normalises and duty benefits under the proposed EFTA trade agreement flow through.
Consult a SEBI-Registered Investment Advisor Before Investing in Luxury Retail Stocks
What Should Investors Watch Next
Investors tracking the Ethos share price should watch same-store sales growth, gross margin trends against Swiss Franc movement, and the pace of new boutique additions. Follow-up disclosures on institutional shareholding in the June 2026 quarter pattern will confirm whether more funds have entered alongside Quant Mutual Fund.
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Conclusion
Quant Mutual Fund’s Rs 175 crore purchase of a 2.6 percent stake at Rs 2,500 per share is a strong endorsement of Ethos’s luxury retail story, even as Jupiter Fund Management booked its exit. With the Ethos share price trading well below its 52-week high of Rs 3,245.90 and revenue growth staying strong, the stock remains on institutional radars. Investors should weigh currency-led margin risks and consult a SEBI-registered advisor before taking exposure.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions FAQs
Why is the Ethos share price in news today?
Ans. The Ethos share price is in news because Quant Mutual Fund acquired 7 lakh shares, a 2.6 percent stake, for Rs 175 crore at Rs 2,500 per share, while Jupiter Fund Management sold a 2.7 percent stake.
Who sold Ethos shares to Quant Mutual Fund?
Ans. UK-based Jupiter Fund Management was the seller. Jupiter Global Fund-Jupiter India Select sold 2.23 lakh shares worth Rs 55.84 crore and Jupiter India Fund sold 4.99 lakh shares worth Rs 124.8 crore.
At what price did Quant Mutual Fund buy Ethos shares?
Ans. Quant Mutual Fund purchased Ethos shares at Rs 2,500 per share, taking the total deal value to Rs 175 crore for a 2.6 percent stake.
What is the 52-week high and low of Ethos share price?
Ans. The Ethos share price has a 52-week high of Rs 3,245.90 and a 52-week low of Rs 1,919.40 on the NSE.
What does Ethos Ltd do?
Ans. Ethos is India’s largest luxury watch retailer, selling premium global brands such as Rolex, Omega, TAG Heuer, Longines, Rado and Breitling through its boutique network and omnichannel platform.
Is Ethos a good stock to buy after the Quant Mutual Fund stake purchase?
Ans. Institutional buying by Quant Mutual Fund is a positive signal and revenue growth remains strong, but margins face Swiss Franc-led pressure. Investors should assess valuations and consult a SEBI-registered investment advisor before buying.
