New Delhi, March 13 -- Bondada Engineering's share price has seen significant losses in the last three days, even though a company promoter raised his stake in the telecom infrastructure firm through an open market transaction.

A promoter's increasing stake in a company is generally seen as a positive for the stock because it indicates the promoter's confidence in the healthy growth prospects of the company and its sound financial health.

On Thursday, March 13, the small-cap stock opened at Rs.376.90 against its previous close of Rs.367.70 and dropped 3.2 per cent to the level of Rs.356. At this price, the stock has lost over 10 per cent in three days, including Thursday.

More to come.

Published by HT Digital Content Services with per...