Iware Supplychain Services shares hit the 5% upper circuit for a second consecutive session on Thursday, reaching a 52-week high of ₹402.65 on the National Stock Exchange.
The stock saw heavy buying interest with no sellers at the limit price, reflecting strong demand from retail and institutional investors alike.
The rally was fueled by disclosures that Vijay Kedia’s firm, Kedia Securities, significantly increased its position in the company.
The firm acquired 2.32 lakh shares at ₹348.25 each and another 2.67 lakh shares at ₹348.85 per share, totaling nearly 5 lakh equity shares.
Kedia, a well-known figure in Indian markets, has often been a catalyst for price movements in small-cap stocks due to his high-profile trading activity.
This surge comes amid a broader positive sentiment in Indian equities, where benchmark indices have extended their rally for a third consecutive session.