Key Points
Mumbai: Promoters of at least 25 smaller companies bought shares of their firms from the open market in May..
For instance, promoters of Dhampur Sugar bought 10.35 lakh shares of the company worth 22 crore in May..
The company registered strong numbers for March, with revenue growing 43% year-on to 759 crore and EBIDTA margin rising by 100 bps to 13.8%..
Varalakshmi Enterprises, a promoter entity, bought 45 lakh shares worth 18 crore in GMR Airports on May 30 when the stock fell 10% after the March quarter results...
Similarly , promoters of PSP Projects bought 1 lakh shares worth 7 crore from the open market. According to a research note by Nuvama, the company will benefit from a strong order book, healthy bidding pipeline, lean balance sheet, comfortable working capital cycle, and favorable outlook for the construction sector...
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