Shah Metacorp Share Price Hits 20% Upper Circuit After Promoter Action

Market Performance

Shah Metacorp's share price witnessed a sharp rally on June 12, hitting the 20% upper circuit on the Bombay Stock Exchange.

• Opening Price: ₹3.15
• Previous Close: ₹3.14
• Intraday High: ₹3.76
• Circuit Limit: 20%
• The rally extended the stock's winning streak to four consecutive sessions.

Despite being a penny stock trading under ₹5, the recent surge has attracted market attention.

Main News

The sharp spike in Shah Metacorp's share price came after a key update from the company's promoter.

Promoter Mona Viral Shah acquired 3,55,00,000 equity shares through the conversion of warrants issued on a preferential basis dated August 2, 2024.

This acquisition led to a notable increase in her stake:

• Previous Holding: 6,82,06,084 shares (11.48%)
• Post-Acquisition Holding: 10,37,06,084 shares (16.48%)

The shares were allotted on June 9, 2025; however, they have yet to be credited, as the application is still pending with the exchange.

Company Details

Following the stake increase, Shah Metacorp's total voting capital changed:

• Before Acquisition: 59,38,78,676 shares
• After Acquisition: 62,93,78,676 shares

This capital shift reflects the promoter's growing confidence in the company's potential despite recent fluctuations in the stock market.

Share Price Trend

Here's a quick look at Shah Metacorp's stock performance:

• 52-Week High: ₹7.40 (August 7, 2024)
• 52-Week Low: ₹2.72 (May 9, 2025)

Monthly Returns:

• June 2025: +21% (so far)
• May 2025: +1%
• April 2025: +7%

Yearly Performance:

• YTD (2025): -17%
• 1-Year Return: -10%

Despite the recent surge in Shah Metacorp's share price, the stock remains down year-to-date, showcasing the volatility often associated with penny stocks.

Summary

The Shah Metacorp share price rally on June 12 follows a significant increase in the promoter's stake via a preferential allotment. The move pushed the stock to its upper circuit limit, continuing a strong monthly trend. Although long-term performance remains subdued, recent momentum suggests heightened investor interest.