New Delhi: The stock market has once again returned to its glory on Tuesday. The Sensex rose 550 points and the Nifty closed today's trading with a gain of 200 points. Today's trading session has seen a lot of buying in railway and PSU stocks, the reason for which is believed to be the lead gained by the BJP in the Haryana Assembly Elections 2024. The Bharatiya Janata Party is almost set to form the government for the third time. Because out of 90 seats in the state, it is leading on 49, while the Congress is leading on 36 seats.

Promoter increased stake

Meanwhile, shares of small-cap stock ok play India have hit an upper circuit of 5%. This increase in its shares has come after the promoter increased his stake. The company said in an exchange filing that the board has approved the allotment of 1 crore equity shares to promoter Anandana Handa.

Shares rose 5% after the news came out

On Tuesday, the shares of Ok Play India opened at Rs 13.20 with a slight increase from Rs 12.95, but after this news came out, investors rushed to it and it got blocked at the level of Rs 13.58, which shows a rise of about 5 percent. The 52-week high level of this stock is Rs 21.50, while the 52 week low price is Rs 10. The market capitalization of Ok Play India is Rs 394.20 crore.
 

Allotment of shares will be on a preferential basis

The company said in an exchange filing that this allotment of the tenth phase will be on a preferential basis for Rs 6.021 per share, in compliance with SEBI regulations, including a premium of Rs 5.021 per share. The company further said that the share split has become effective from March 11, 2024. As a result, each equity share of the company with a value of Rs 10 has been divided into ten equity shares with a value of Rs 1.