The worth motion was accompanied with sturdy volumes with a spurt of two.8 occasions on the BSE.
The beneficial properties come on the again of a block deal yesterday, during which French multinational financial institution and monetary companies firm BNP Paribas purchased over 1 lakh shares within the firm. The shares have been bought by way of its arm BNP Paribas Monetary Markets at a value of Rs 332.68 a bit and the entire deal dimension is Rs 3.40 crore.
This smallcap counter has remained unbeaten for the previous 5 buying and selling periods; the uptick has been to the tune of 36%.
The corporate was initially included as a non-public restricted firm and was later transformed to a public restricted firm and the identify was modified to Unified Information- Tech Options Restricted. The corporate presents IT infrastructure companies and system integration companies. The promoters of the corporate are Harshaben Mehta, Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Deepa Pinak Mehta.
BNP Paribas’ stake purchase comes following a latest stake sale in one other smallcap counter Selection Worldwide the place it offered 11 lakh shares within the firm by way of a block deal. The deal was price Rs 78 crore. Previous to the block deal, BNP Paribas held 40,01,631 fairness shares representing 2% within the firm as on March 31, 2025.(Disclaimer: Suggestions, solutions, views and opinions given by the specialists are their very own. These don’t symbolize the views of Financial Occasions)
