Shares of Sharda Motor Industries surged around 10 percent, reaching an all-time high of Rs 2,193.10 following a significant block deal worth Rs 474 crore on June 26.
The block deal involved 23.70 lakh shares traded at an average price of Rs 1,996 per share. The specific buyers and sellers in the transaction are not yet known.
This deal sparked a spike in trading volumes, with two lakh shares changing hands, doubling the one-month daily traded average of one lakh shares. Sharda Motor has been a multibagger stock, tripling investors’ wealth over the past year.
As of 11:15 AM, the shares were trading 6.73% higher at ₹2,132.00.
