In a surprising turn of events, Radiowalla Network's stock reached its 5% upper circuit limit following the sale of a 2.04% stake by Bengal Finance, which is backed by investor Ashish Kacholia.
The sale was countered by a bulk acquisition of a 2.08% stake by Amritaanshu Agrawal, indicating strong interest in the company despite the stake divestment.
Radiowalla Network is known for its innovative in-store radio services, which may be contributing to its stock's resilience in the market.