🚀 Max India Hits 20% Upper Circuit After Fund Raise Announcement – Here’s What Happened

📈 Stock Performance (April 16):

• Max India surged 20% intraday to ₹240.49 – highest since Aug 29, 2022
• Later pared gains, trading 16.25% higher at ₹233.38 as of 10:33 AM
• This comes even as the Nifty 50 slipped 0.15%

💼 What Triggered the Rally?

• 📢 Company announced a ₹125 crore fund raise
• 🔄 Reclassified one shareholder from ‘promoter’ to ‘public’ category

📊 Recent Performance Snapshot:

• 📆 Stock up 30% in the last 3 days
• 📉 Down 13% YTD, compared to Nifty 50’s 1.2% decline

💰 Market Cap:

• ₹1,026.09 crore (as per BSE data)