What is the story about?
Shares of Exicom Tele-Systems Ltd. are trading with gains for the fourth consecutive day on Tuesday, December 16, surging as much as 13%.
The stock has risen 18% over the last four trading sessions, and it has traded with gains in five out of the six sessions.
Around 1.1 crore shares of Exicom Tele-Systems changed hands on Tuesday compared to its 20-day average of 3.3 lakh shares as of 1 PM this afternoon.
The stock is also nearing its 50-day moving average (DMA) at ₹128.6 apiece and 100-DMA at ₹138 per share.
Exicom Tele-Systems' shares had surged to a record high of ₹510 on July 2, 2024. From those levels, the stock has corrected 76% as of Monday's closing.
Such has been the sell-off in the stock, that it has even slipped below its IPO price of ₹142. Exicom had made its stock market debut in February 2024.
At the end of the September quarter, the company's promoter Nextwave Communications Pvt Ltd. held 54.72% stake in the company, while promoter groups HFCL Ltd., Satellite Finance Pvt Ltd., Vinsan Brothers Pvt Ltd., held 5.44%, 3.26% and 3.06% stake, respectively.
Among public shareholders, mutual funds had a 3.88% stake, of which Quant Small Cap Fund had a 3.24% stake. Belgrave Investment Fund has a 3.74% stake.
As many as 1.5 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh, have a 20.94% stake in the company.
Shares of Exicom Tele-Systems are trading 11% higher at ₹126.66. The stock is still down 48% so far on a year-to-date basis.
Also Read: Stock Pick: This Adani Group stock is a 'consensus buy' among analysts that track it
The stock has risen 18% over the last four trading sessions, and it has traded with gains in five out of the six sessions.
Around 1.1 crore shares of Exicom Tele-Systems changed hands on Tuesday compared to its 20-day average of 3.3 lakh shares as of 1 PM this afternoon.
The stock is also nearing its 50-day moving average (DMA) at ₹128.6 apiece and 100-DMA at ₹138 per share.
Exicom Tele-Systems' shares had surged to a record high of ₹510 on July 2, 2024. From those levels, the stock has corrected 76% as of Monday's closing.
Such has been the sell-off in the stock, that it has even slipped below its IPO price of ₹142. Exicom had made its stock market debut in February 2024.
At the end of the September quarter, the company's promoter Nextwave Communications Pvt Ltd. held 54.72% stake in the company, while promoter groups HFCL Ltd., Satellite Finance Pvt Ltd., Vinsan Brothers Pvt Ltd., held 5.44%, 3.26% and 3.06% stake, respectively.
Among public shareholders, mutual funds had a 3.88% stake, of which Quant Small Cap Fund had a 3.24% stake. Belgrave Investment Fund has a 3.74% stake.
As many as 1.5 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh, have a 20.94% stake in the company.
Shares of Exicom Tele-Systems are trading 11% higher at ₹126.66. The stock is still down 48% so far on a year-to-date basis.
Also Read: Stock Pick: This Adani Group stock is a 'consensus buy' among analysts that track it
