New Delhi, March 4 -- BCL Industries share price surged over 5% on Tuesday, defying the weak trend in the Indian stock market. BCL Industries shares rallied as much as 5.43% to Rs.37.05 apiece on the BSE.

BCL Industries, one of India's leading agro-processing manufacturing companies with diversified business operations, recently witnessed an increase in promoter shareholding. Promoter Kushal Mittal acquired additional equity shares of the company through open market transactions.

On February 28, promoter Kushal Mittal acquired 1,56,826 equity shares of BCL Industries, representing 0.05% stake in the company, via open market, a regulatory filing showed.

"I, Kushal Mittal, one of the promoters of the Company would like to submit that I h...