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 BNP Paribas 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.
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BNP Paribas’ stake buy comes following a recent stake sale in another smallcap counter Choice International where it sold 11 lakh shares in the company via a block deal. The deal was worth Rs 78 crore. Prior to the block deal, BNP Paribas held 40,01,631 equity shares representing 2% in the company as on March 31, 2025.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
