Bhatia Communications and Retail (India) Limited shares jumped 6% in intra-day trading on BSE despite broader market weakness, as reported by Live Mint. The rise came after promoters increased their shareholding through warrant conversions. Two members of the promoter group - Garima Nikhil Bhatia and Hema Sanjeev Bhatia - acquired additional shares on March 9, 2026, through preferential allotment following conversion of warrants into equity shares.
According to regulatory disclosures filed with the stock exchange, Garima Nikhil Bhatia acquired 25,00,000 equity shares representing 1.78% of the company's total shareholding. Prior to the transaction, she held only 280 shares along with 25,00,000 warrants, translating to a negligible equity stake. Her total holding increased to 25,00,280 shares or 1.78% of the company's equity capital. Similarly, Hema Sanjeev Bhatia purchased 25,00,000 equity shares accounting for 1.78% of share capital, taking his stake from 0.94% to 2.65%.
The stock rose to ₹23.45 on BSE during intraday trading, as reported by Live Mint. Despite the recent gains, the scrip remains over 30% below its 52-week high of ₹33.60 reached in September 2025. The stock touched its 52-week low of ₹19.50 in January 2026. The company's equity share capital increased from 13,01,52,000 shares to 14,06,52,000 shares after the allotment, with each share having a face value of ₹1.
Despite recent pressure, the stock has delivered impressive long-term returns, rallying 192% over five years, according to Live Mint reports. However, it has faced headwinds in recent quarters, declining 11% in the last three months, 19% in six months, and 10% in the last year. The promoter group's decision to convert warrants into equity through preferential allotment demonstrates confidence in the company's prospects despite current market challenges.
