Two stocks are in focus after the share acquisition by the promoter and whole-time director were reported on the exchanges raising investor confidence amid the market volatility.
BLB Limited
With a market capitalization of Rs. 90 Crore, the stock of BLB Limited opened at Rs. 16.60, down 2.23 percent from yesterday’s close of 16.98, however after opening it made a high of 17.35 up 2.17 percent. Additionally, the Yearly return for the stock is -55 percent, and the past 5-year return is an impressive 415 percent.
Brij Rattan Bagri, promoter & Director of the company acquired 70,000 Equity shares on 19th March through the Open Market. Increasing their Stake by 0.13 percent from 40.40 percent to 40.53 percent.
As of Q3FY25 Promoters own 36.84 percent of the company, DIIs, and FIIs don’t own any shares, and the majority of the shares are owned by the public with 63.16 percent. BLB Limited is an Indian company specializing in trading and investment in shares, securities, and commodities. Established in 1981, it is headquartered in New Delhi, India.
Shree Ganesh Elastoplast
With a market capitalization of Rs. 11.28 Crore, the stock of Shree Ganesh Elastoplast Limited opened at Rs. 21.10, hitting a 5 percent Upper circuit from yesterday’s close of Rs. 20.10
Mr. Mihir Rameshchandra Shah, the whole-time director of Shree Ganesh Elastoplast has purchased 23,790 equity shares from the open market at Rs. 19 per share increasing their stake by 0.43 percent, from 14.61 percent to 15.04 percent. As of Q3FY25 Promoters own 12.94 percent of the Company, DIIs own 2.73 percent, and the majority of the shares are owned by the Public with 84.34 percent.
Shree Ganesh Elastoplast Limited is an Indian company engaged in capital market investments, commodity trading, and logistics services. Established in 1991 and headquartered in Ahmedabad, Gujarat.
Written By Abhishek Das
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