Bengaluru, Jan. 2 -- A microcap stock surged by 3.7 percent, where the company is in the business of manufacturing Galvanized Steel Wires and Nails, witnessed one of its promoters buy an additional stake in the company via a market purchase.With a market cap of Rs 364 Cr, Geekay Wires Ltd saw its stock hit an intraday high of Rs 35 which is 3.7 percent higher than the previous close of Rs 33.75.

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On Friday, Geekay Wires Ltd announced that the company promoter Mrs. Ritika Kandoi, who also happens to be an immediate relative of a Director has purchased 39,520 equity shares of the company, through market purchases. The purchase value stands at Rs 13,83,200 with today's high of Rs 35.

The company's promoters stake has alrea...