Archive · 12 Jun 2025
Shah Metacorp Shares Surge After Promoter Stake Update
Imagine a company called Shah Metacorp, whose stock is very cheap, like a penny.
Suddenly, the company's boss, Mona Viral Shah, bought more shares, which made the stock price jump up by 20% in a day!
She got these shares by turning some special papers (warrants) into actual shares.
Before this, she already owned a bit of the company, but now she owns even more.
The shares were supposed to be added to her account a while ago, but they are still not added.
Even though the stock has lost value this year, it has done better this month.
Shah Metacorp shares surged 20% to hit the upper circuit on the BSE.
Mona Viral Shah, the company's promoter, acquired a 4.99% stake through warrant conversion.
The promoter's stake increased from 11.48% to 16.48% after the acquisition.
Equity shares were allotted on June 9, 2025, but have not been credited yet.
The stock has declined over 17% year-to-date but rose 21% in June.
- Who
- Mona Viral Shah, promoter of Shah Metacorp.
- What
- Shah Metacorp shares hit upper circuit following promoter's share acquisition.
- When
- June 12, with shares allotted on June 9, 2025.
- Where
- BSE
- Why
- Due to the promoter's acquisition of shares.
- Stock Movement
- 20% upper circuit
- Previous Close
- ₹3.14
- Opening Price
- ₹3.15
- Upper Circuit
- ₹3.76
- Promoter Stake Increase
- From 11.48% to 16.48%
- Shares Acquired
- 3,55,00,000
- 52-week High
- ₹7.40
- Year-to-date Change
- Decline of over 17%