Shares of Axiscades Technologies rose 5.39% on Wednesday, extending gains after Sunil Singhania's Abakkus Asset Manager picked up a 3.03% stake in the engineering solutions company through a block deal. The stock had hit a 10% upper circuit in the previous session, closing at Rs 2,067.40 amid heavy volumes on the NSE.
The immediate trigger for the stock's move is the block deal involving promoter Jupiter Capital, which sold a 10.69% stake in the company on September 29.
