Small-cap stock rands higher despite poor stock market prejudice; Here's why | Einsmark news

Despite the poor market sentiments, the share price of small cap BCL Industries rose higher Thursday. The small cap stock opened on NSE on a £ 44.44 per piece, with a 1.64 percent drop during early trading hours. However, BCL Industries shares climbed less than a percent to £ 44.14. The small cap agreed after the board approved the acquisition of the importance of Pioneer Industries Private. According to the Exchange filing, the company purchased 69,70,000 shares at £ 44.18 per share that was combined to £ 30.8 crore. “We have hereby notified you that the Board of Directors was held at the meeting today, ie 11th day of June 2025, the acquisition of 69.70,000 shares of M/s Pioneer Industries Private Limited, by transferring existing shareholders, BCL Industries currently owns a 4.36 percent stake in Pioneer Industries, which will rise to 19.57 percent. (BCL) currently owns 4.36% of pioneer share capital and consequently to the above acquisition, BCL’s shareholding will be increased to 19.57% of pioneer share capital. Both companies are within the same industry and this acquisition will lead to synergies for both businesses through cost controls, the industry knows how and market insight is, “the company added. At the 49th annual meeting of the company. Company’s distillery segment emphasizes. 3.7 percent dropped.