Smartlink Holdings shares locked at 10% upper circuit on heavy volumes, up 34% in one month

The counter has skyrocketed 34 percent in the past month, while jumping almost 100 percent in the past year, just about doubling investors' capital.

Smartlink Holdings shares skyrocketed 10 percent in trade on September 25, as heavy volumes drove the counter to its upper circuit for the second consecutive session.

The counter has skyrocketed 34 percent in the past month, while jumping almost 100 percent in the past year, just about doubling investors' capital.

At 11.25 pm, the IT networking player's share price was quoting Rs 338.85 on the BSE, higher by 10 percent compared to the previous session's closing price.

So far in trade, over 47,000 shares exchanged hands in trade on the bourses, higher than the one-month daily traded average of 35,000 shares.

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On May 13, Samvitti Capital Alpha Fund bought 72,110 shares or 0.72 percent in Smartlink Holdings in a bulk deal.

A large part of Smartlink Holdings is held by the promoters, who have steadily been increasing their stake via open market transactions. As of the quarter ended June, the promoters held a 72.8 percent stake, while FIIs and DIIs held 0.7 percent and 0.5 percent respectively. The retail investors held around 26 percent of the company's shares.

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