2 Stocks Jump Up to 8% After Promoter Increases Stake in the Companies

SYNOPSIS: Two stocks surged up to 8 percent after promoters increased stakes, signalling confidence in business prospects, though marginal stake hikes highlight sentiment boost rather than a significant change in ownership structure.

The benchmark indices traded on a positive note during Tuesday’s session, with the BSE Sensex rising by 1,793 points, or 2.46 percent, to hit the day’s high at 74,489.39. Similarly, the Nifty 50 surged by around 544.65 points, up 2.4 percent, and hit an intraday high at 23,057.30.

However, on a weekly basis, both indices remained under pressure due to geopolitical tensions. Over the past five trading sessions, the Sensex declined by nearly 3.2 percent, while the Nifty 50 also slipped by around 3.4 percent.

Promoter buying is generally interpreted as a positive signal, reflecting confidence in the company’s future prospects and often indicating that the stock may be undervalued. However, it should not be viewed as a standalone indicator, as strong fundamentals remain essential for sustained returns. Here are two stocks that witnessed gains of up to 8 percent after their promoter bought an additional stake in the company:

Mayur Uniquoters Limited

With the market capitalisation of Rs. 2,257 crore, the stock hit an intraday high at Rs. 521 on BSE, up by around 6 percent from its previous day’s close price of Rs. 493.3 per share.

According to the latest disclosures with the stock exchanges, Mayur Uniquoters Limited has disclosed that one of the Promoters of the company, Kiran Poddar, has bought 3,000 equity shares on 23rd March 2026, through an open market transaction.

Prior to the transaction, the promoter held 67,623 equity shares, representing around a 0.156 percent stake. Post-acquisition, the shareholding increased to 70,623 equity shares, with the ownership percentage increasing to 0.163 percent, indicating a marginal increase in absolute holdings.

Mayur Uniquoters Limited is primarily engaged in the business of manufacturing coated textile fabrics, artificial leather and PVC vinyl (PU/PVC synthetic leather), which are widely used in different segments such as footwear, furnishings, automotive OEM, automotive replacement market, and automotive exports.

SKP Bearing Industries Limited

With the market capitalisation of Rs. 252 crore, the stock hit an intraday high at Rs. 153.95 on BSE, up by around 8 percent from its previous day’s close price of Rs. 143.1 per share.

According to the latest disclosures with the stock exchanges, SKP Bearing Industries Limited has disclosed that one of the Promoters of the company, Shrinand Kamlakar Palshikar, has bought 8,000 equity shares on 23rd March 2026, through a market transaction on NSE. The total transaction value stood at around Rs. 12 lakhs.

Prior to the transaction, the entity held 61,47,995 equity shares, representing around a 37.0361 percent stake. Post-acquisition, the shareholding increased to 61,55,995 equity shares, with the ownership percentage increasing to 37.0843 percent, indicating a marginal increase in absolute holdings. SKP Bearing Industries Limited is engaged in the business of manufacturing and supplying precision needle rollers, cylindrical rollers, pins and balls.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 2 Stocks Jump Up to 8% After Promoter Increases Stake in the Companies appeared first on Trade Brains.