Matrimony.com freezes at 20% upper circuit for second straight day

Foreign portfolio investors (FPIs) increased stake in Matrimony.com to 14.74 per cent in the June quarter from 12.51 per cent in the previous quarter.

Shares of Matrimony.com were locked in the upper circuit limit of 20 per cent for the second straight day, at Rs 557 on the BSE on Tuesday. The stock of the country’s leading consumer Internet Company was trading higher for the fourth straight day and rallied 49 per cent during the period.

Till 12:35 pm, a combined 351,000 equity shares were changing hands on the counter and there were pending buy orders for 44,000 shares on the NSE and BSE. The stock was trading close to its 52-week high of Rs 639 touched on July 23, 2019.

Foreign portfolio investors (FPIs) have