IT stock rises 16% after promoter buys 2.7% stake
pre-market1 source ↓written by the desknot a recommendation
- on BSE
- 16%
- company’s promoter acquired
- 10.2 lakh shares
- ₹51 crore
- their stake
- 2.7%
- Mutual Fund exited
- 2.6%
Shares of Ramco Systems Limited surged over 16% on BSE after the company’s promoter acquired 10.2 lakh shares for ₹51 crore, increasing their stake to 2.7%. HDFC Mutual Fund exited 2.6%, altering the institutional shareholding landscape. The stock is now trading at ₹579, reflecting a 58% gain over the past year.
Not investment advice. For informational purposes only.