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5paisa Capital rallies 17% in two days as promoter hikes stake

The stock is locked in the upper circuit of 10% at Rs 223 on Friday, surging 17% in past two trading days, after Nirmal Jain, the promoter of the company hiked his stake through open market.

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SI Reporter Mumbai
Shares of 5paisa Capital (5PCL) is locked in the upper circuit of 10% at Rs 223 on Friday, surging 17% in past two trading days, after Nirmal Jain, the promoter of the company hiked his stake through an open market purchase.

On Wednesday, December 26, Nirmal Bhanwarlal Jain had purchased an additional 50,000 equity shares of 5PCL through an open market purchase.

Post transaction, promoters holding in the company increased to 30.4% from 30.01%, according to the disclosure made by company to the stock exchanges.

Meanwhile, Satpal Khattar sold its entire 1.94% stake or 246,861 shares of