Shares of Salasar Exteriors and Contour Limited surged nearly 4.6% to ₹31 during Thursday’s trading session after a domestic institutional investor (DII) purchased a stake worth nearly ₹2 crores through a bulk deal on the NSE. This boost reflects increased investor interest in the stock.
According to bulk deal data from October 9, ACME Ferro Alloys Private Limited acquired approximately 6.56 lakh equity shares, representing a 0.6% stake in Salasar Exteriors for around ₹1.99 crores, at an average price of ₹30.35. This transaction positively impacted the stock price.
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On October 3, Salasar Exteriors announced its entry into the agricultural sector as part of its strategic vision for growth and diversification. This move aligns with the company’s efforts to expand its operations beyond its traditional real estate focus.
The company aims to concentrate on AgriTech Solutions, Agri Waste Management, and Agri Exports, enhancing agricultural productivity through technology. These initiatives support sustainable farming practices and aim to tap into international markets, potentially increasing revenue streams.
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Despite facing challenges, including a nearly 52.4% decline in revenue from operations, Salasar Exteriors cleared all outstanding debts, becoming a zero-debt entity. Management anticipates a profitable quarter ahead, driven by strategic initiatives and improved operational efficiency.
