New Delhi, Jan. 8 -- BSE SME stock Adcounty Media India has been locked in the 5% upper price band for three consecutive sessions, including today (January 8), after ace investor Ashish Kacholia's name appeared among the company's key shareholders in the December quarter.

Adcounty Media India shares rose 5% to the day's high of Rs.119.25 on Thursday, extending their three-day rally to over 15%. The company had released its December quarter shareholding data on Monday, January 5, which showed Kacholia holding a 2.92% stake or 656000 shares in the company.

Before this, Ashish Kacholia did not appear in the shareholders of the company, signalling either a fresh entry into the stock or that even if he held a stake previously, it was below 1...