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Surya Roshni and 3 other stocks in focus after promoters bought stake

Alex Smith

Alex Smith

2 months ago

4 min read 👁 9 views
Surya Roshni and 3 other stocks in focus after promoters bought stake

Promoter stake purchases occur when a company’s founders or key shareholders increase their ownership by buying more shares, either through the open market or structured deals like rights issues or buybacks. This move can signal various things, such as confidence in the company’s future, a belief that it’s undervalued, or preparation for significant changes like restructuring or going private.

Generally, when promoters buy more shares, it’s seen as a positive sign, indicating long-term commitment and confidence in the company’s growth. However, it may also be a strategy to strengthen control, prevent takeovers, or align their interests with other shareholders. Investors should assess the reasons behind such purchases to understand their implications.

Here are the stocks in which the promoter bought its stake: 

Surya Roshni Ltd

Surya Roshni Ltd. is an Indian multinational company that began in 1973 as a steel pipe manufacturer and later diversified into a lighting and consumer durables company. The company manufactures and exports a wide range of products, including various types of steel and PVC pipes, lighting solutions (such as GLS, FTL, and LED lights), and home appliances like fans.

Vinay Surya, classified as a promoter’s immediate relative, acquired 4,329 equity shares of Surya Roshni through a market purchase, at an average price of Rs. 264.2 per share. The total value of this transaction was Rs. 11.44 lakh.

Following this acquisition, Vinay’s holding increased to 2,181,924 shares, which constitutes 1% of the company’s total equity. The transaction was reported to the exchange on December 2, 2025, under insider-trading regulations.

Primo Chemicals Ltd

Primo Chemicals Ltd., formerly Punjab Alkalies & Chemicals Limited, is the largest producer of Caustic Soda in Northern India, located in Naya Nangal, Punjab. The company manufactures caustic soda, ly,e and by-products such as hydrochloric acid, liquid chlorine, sodium hypochlorite, and hydrogen gas, using membrane cell technology.

Flowtech Industrial Projects Private Limited, classified as a promoter, acquired 2,525,000 equity shares of Primo Chemicals through a market purchase, at an average price of Rs. 25.6 per share. The total value of this transaction amounted to Rs. 6.46 crore, representing 1.04% of the company’s equity. 

Following this acquisition, the promoter group’s holding increased to 12,151,710 shares, which constitutes 5.01% of Primo Chemicals’ total equity. The transaction was reported to the exchange on December 2, 2025, under insider-trading regulations.

Maharashtra Seamless Ltd

Maharashtra Seamless Ltd (MSL) is a steel pipe manufacturer, incorporated in 1988 and part of the D. P. Jindal Group. The company produces seamless and Electric Resistance Welded (ERW) pipes for various industries like oil and gas, power, construction, and infrastructure.

Brahmadev Holding and Trading Limited, classified as a promoter group, acquired 195,000 equity shares of Maharashtra Seamless through a market purchase, at an average price of Rs. 574.8 per share. The total value of this transaction was Rs. 11.21 crore, representing 0.15% of the company’s equity. 

Following this acquisition, the promoter group’s holding increased to 12,011,484 shares, which constitutes 8.96% of Maharashtra Seamless’ total equity. The transaction was reported to the exchange on December 2, 2025, under insider-trading regulations.

Usha Martin Ltd

Usha Martin Ltd. is a global manufacturer of wire ropes and other steel products, founded in 1960. The company specializes in high-performance specialty wire ropes, prestressed concrete steel strands and offers related solutions like rigging and installation services. Its products are used in diverse sectors, including oil and offshore, mining, cranes, and elevators.

Rajeev Jhawar, classified as a promoter, acquired 5,000 equity shares through a market purchase at an average price of Rs. 422.5 per share. The total value of this transaction was Rs. 21.13 lakh.

Following this acquisition, Rajeev Jhawar’s holding increased to 4,135,000 shares, which constitutes 1.36% of the company’s total equity. The transaction was reported to the exchange on December 2, 2025, under insider-trading regulations.

Written by Sridhar J 

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