Multibagger stock, March 26 -- Usha Martin, which is primarily engaged in the manufacture and sale of steel wires, strands, wire ropes, cords, and related accessories, saw its shares jump 3% in intraday trade on Wednesday, March 26, reaching Rs.347 per share after one of the promoter group entities acquired an additional stake in the company.

In a filing to the exchanges on Tuesday, the company announced that Brij Investments has acquired a 0.01% stake (or 19,000 shares) in the company through an open market transaction on February 24. At the end of the December quarter, Brij Investments held a 2.03% stake in the company.

Earlier, Amisha Jhawar, Rajeev Jhawar, Stuti Jhawar, and Peterhouse Investments-members of the promoter group-had al...