IT stock rises 16% after promoter stake purchase
after close1 source ↓written by the desknot a recommendation
- the promoter acquired
- 10.2 lakh shares
- ₹51 crore
- their stake
- 2.7%
- of its holdings
- 2.6%
- currently trading
- ₹579
Shares of Ramco Systems Limited surged over 16% during Wednesday's trading session after the promoter acquired 10.2 lakh shares for ₹51 crore, boosting their stake to 2.7%. This move reshapes the institutional shareholding mix as HDFC Mutual Fund exited 2.6% of its holdings. The stock is currently trading at ₹579, reflecting a 58% gain over the past year.
Not investment advice. For informational purposes only.