Dynamatic Tech zooms 31% in 2 days after HNIs buy stake in company

Madhusudan Kela and Sunil Singhania bought a combined 169,700 equity shares of Dynamatic Technologies via open market on Tuesday

Shares of Dynamatic Technologies moved higher by 9.6 per cent at Rs 2,178, and bounced back 15 per cent from the intra-day low of Rs 1,901, in an otherwise weak market on the BSE on Wednesday. In comparison, the S&P BSE Sensex was down 0.33 per cent at 54,378 points at 12:37 pm.

The stock of the industrial machinery company has zoomed 31 per cent in the past two trading days after high networth individuals (HNIs) and renowned fund managers Madhusudan Kela and Sunil Singhania bought a stake in Dynamatic Technologies via open market on Tuesday.

On August