Caplin Point locked at 10% UC, again

Caplin Point Labs is once again, third day in a row, locked at the 10% UC today morning at Rs448.

The news is that promoter and Chairman of the company, Mr.C C Paarthipan has acquired the shares of the company through open market purchase.

He has purchased 10427 equity shares or 0.013% stake in the company through open market purchase on June 6, 2018.

Pre-transaction stake of Mr.Paarthipan was 69.04% and now currently it is at 69.05%.

A promoter buying into his company’s shares is always good news for the market as it reiterates his commitment to the company.