Shares of Multiplex chain Fame India locked at 10% upper circuit amid huge volumes on Thursday, which continued its rise for the second consecutive session.
Promoters Inox Leisure and Gujarat Fluorochemicals hold 70.72% and 3.68% stake in the company while the 22.38% stake is held by Reliance Capital.
SP Tulsian of sptulsian.com feels the stock is likely to witness some corporate action, maybe like merger with Inox Leisure which is seen quite positive by the market.
At 13:08 hours IST, the share was trading at Rs 54.10, up 9.96%. There were pending buy orders of 25,454 shares, with no sellers available.
Its trading volumes increased 419% to 10,895 equity shares as compared to its 5-day average of 2,100 shares.
Market capitalisation of the company currently stands at Rs 299.03 crore.
On Wednesday, the share rose 8.13% to close at Rs 49.20.
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