BS Limited (formerly BS Transcomm) has surged 8% to Rs 232 extending its past three days rally after the construction and engineering company said that its promoter has acquired about 1% stake in the company through open market transaction.
The stock has outperformed the market by gaining 27% in past four trading sessions compared to around 1% rise in benchmark Sensex.
“Reema Agrawal has acquired 150,000 shares representing 0.68% of total equity from open market purchases,” BS said in a statement.
Reema Agrawal bought 60,000 shares on December 26 and 90,000 shares on December 27, the BSE data shows. Post acquisition, Reema Agrawal’s total holding in the company increased to 1.31% from 0.63% earlier.
The stock opened at Rs 215 and hit a low of Rs 210 on the NSE. A combined 142,208 shares have changed hands on the counter so far on both the exchanges.