Share Market News: GRM Overseas Shares Surge Over 18 Percent | Check Key Details Here

Share Market News: Shares of GRM Overseas surged over 18 per cent on Thursday after it informed exchanges that a promoter had hiked its stake in the company. The stock of the smallcap opened at Rs 148 apiece on the BSE against the previous close of Rs 147.35. It surged 18.8 per cent to touch the day’s high of Rs 175 amid strong buying momentum. Last seen, the counter held firmly in green and was trading at Rs 172.50.
The counter of the agro-product company has been gaining for the past two sessions. The stock is trading higher than 5-day, 20-day, 50-day and 100-day moving averages but lower than 200-day moving averages.
The company has informed through an exchange filing that promoter Atul Garg has increased its stake. Garg has purchased 73,000 equity shares of Rs 2 each on June 10. This represents approx. 0.12 per cent of the paid share capital of the company.
Meanwhile, benchmark equity indices Sensex and Nifty hit their fresh record high levels in early trade on Thursday after retail inflation slipped to a one-year low in May along with buying in IT stocks.
The 30-share BSE Sensex jumped 538.89 points to hit its lifetime peak of 77,145.46. The NSE Nifty climbed 158.1 points to its record peak of 23,481.05.
Among the 30 Sensex companies, Wipro, Tech Mahindra, Nestle, Titan, HCL Technologies, Bajaj Finance, Infosys, Kotak Mahindra Bank, Tata Consultancy Services and Bajaj Finserv were the biggest gainers.
Hindustan Unilever and Power Grid were the laggards.
In Asian markets, Seoul and Hong Kong quoted higher while Tokyo and Shanghai traded lower.