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Shares of Mahalaxmi Rubtech have continued their upward trajectory, hitting a new high of Rs 311.10, and surging 10 per cent on the BSE in Friday’s intra-day trade amid heavy volumes.
The stock price of the microcap company is trading higher for the fifth straight trading session, zooming 100 per cent from the level of Rs 155.60 on December 6, 2024. In comparison, the BSE Sensex was up 0.26 per cent during the period.
Till 02:23 PM, the average trading volumes on the counter had jumped over two-fold.
A combined 2.4 million shares, representing nearly 23 per cent of the total equity of the company, have changed hands on the NSE and BSE.
On clarification on movement in share price of the securities of Mahalaxmi Rubtech, the company said that it has been regularly sharing all the information/announcements that may have a bearing on the operation/performance of the company including all price sensitive information with the Stock Exchanges, from time to time.
Meanwhile, as on September 30, 2024, Mahalaxmi Rubtech has 10.62 million total outstanding shares.
The promoters held 64 per cent stake, while retail individual shareholders held 24.72 per cent holding, the shareholding pattern data from exchanges showed.
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