New Delhi, Feb. 12 -- Sigachi Industries share price was volatile on Wednesday as the stock cracked over 5% intraday and then recovered. Sigachi Industries shares fell as much as 5.78% to a low of Rs.35.53 apiece on the BSE. However, the smallcap stock recovered and hit an intraday high of Rs.38.22 per share.

In a significant development, the promoters of Sigachi Industries have increased their stake in the company through the conversion of warrants into equity shares.

According to the stock exchange filing, promoters, including Swati Sinha and Amit Raj Sinha, converted warrants into equity shares on February 8, 2025. Amit Raj Sinha has acquired 1.40 crore shares in the company, while Swati Sinha acquired 90 lakh shares.

This acquisiti...