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Stock zoomed over 30 per cent in just two trading sessions.
Today, shares of Repro India Ltd rallied 34.73 per cent in just two trading sessions to hit a fresh 52-week high of Rs 575 extending its gains for the seventh day in a row. Today's gains came after investor and MK Ventures founder Madhuri Madhusudan Kela purchased 4.75 lakh shares of the company. Shares of this company saw a spurt in volume by more than 6.24 times on BSE.
On Monday, the stock was locked in an upper circuit of 20 per cent. According to exchange statistics, Malabar India Fund Ltd sold 5.12 lakh shares, or about 4.5 per cent of Repro India's total equity, in a bulk sale at a price of Rs 425 per share, for a total deal value of Rs 21.76 crore.
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At present, the share of Repro India Ltd is trading at Rs 545.50 up by 45.55 points or 9.11 per cent from its previous closing of Rs 499.95 on the BSE. The scrip opened at Rs 549 and has touched a high and low of Rs 575 and Rs 535.50, respectively.
On a consolidated basis, the company has reported robust Q4 numbers in its net profit, up by 208.12 per cent to Rs 5.06 crore as compared to the same quarter last year. Net sales of the company increased by 29.15 per cent to Rs 121.05 crore as compared to the corresponding quarter last year.