Unified Data Tech shares today hit a fresh 52-week high of Rs 387 on the BSE, gaining 16% over Wednesday’s closing price. The stock extended its last session rally, surging 22% in just two sessions, defying lackluster sentiments prevailing in the markets.
The price action was accompanied with strong volumes with a spurt of 2.8 times on the BSE.
The gains come on the back of a block deal yesterday, in which French multinational bank and financial services company bought over 1 lakh shares in the company. The shares were purchased via its arm BNP Paribas Financial Markets at a price of Rs 332.68 a piece and the total deal size is Rs 3.40 crore.
This smallcap counter has remained unbeaten for the past five trading sessions; the uptick has been to the tune of 36%.
The company was originally incorporated as a private limited company and was later converted to a public limited company and the name was changed to Unified Data- Tech Solutions Limited. The company offers IT infrastructure services and system integration services. The promoters of the company are Harshaben Mehta, Hiren Rajendra Mehta, Rajendra Kantilal Mehta and Deepa Pinak Mehta.