Compucom Software hits 52-week high after Jhunjhunwala buys 5 lk shares

NEW DELHI: Compucom Software rose second day in a row on Tuesday after media reports suggested that Rakesh Jhunjhunwala has acquired 5 lakh shares of the company in a deal worth Rs 1.25 crore through open market transaction on Monday.

Compucom Software software surged over 9 per cent in early trade to hit its 52-week high of Rs 27.35. The stock was trading 8.9 per cent higher at Rs 27.30 at 09:45 am.

As per the bulk deal data available with the stock exchanges, Jhunjhunwala purchased 5 lakh shares of the software firm at an average price of Rs 25 apiece on Monday.

The deal size aggregated to Rs 1.25 crore. Meanwhile, another entity Deepak Raj Sharma offloaded nearly 5.47 lakh shares of Compucom Software, the data on BSE showed.