Smallcap stock in focus after promoter buys 1.5 lakh shares from open market, check details here

Shares of smallcap company GRM Overseas started today's trading session in green but ended in the red amid profit booking at higher levels. The counter opened the trading session at Rs 100, up from the previous close of Rs 98.50 on the BSE. Amid a spurt in trading volume, the counter gained to touch the high of Rs 102.75, a gain of Rs 4.25 or 4.31 per cent from the previous close. However, it witnessed profit booking at higher levels and fell to touch the low of Rs 89.20, the stock's fresh 52-week low. The 52-week high of the stock is Rs 185.55, touched on December 24, 2205. The action in the stock comes as the company has informed exchanges that one of its promoters has consolidated his holding in the company by purchasing additional equity shares from the open market.