New Delhi, March 11 -- Shares of smallcap real estate firm Arkade Developers surged over 4 percent in intra-day trade on Tuesday, March 11, following a promoter's stake acquisition. The rally came after Amit Mangilal Jain, the company's promoter and director, acquired 1,00,000 equity shares, representing a 0.05 percent stake, through an open market transaction. Jain's purchase was executed at an average price of Rs.148.22 per share, as per regulatory disclosures.

According to the filing, prior to the transaction, Jain held 12,35,57,808 equity shares, translating to a 66.55 percent stake in the company. On March 10, 2025, he bought an additional 1,00,000 equity shares through a market purchase valued at Rs.1,48,22,000. Post-acquisition, h...