Sindhu Trade Links shares surged 15% on Wednesday, 20 May, following the company's announcement of a board meeting scheduled for Friday, May 22, 2026. According to reports from BSE Analytics, the stock jumped as much as 15.12% to its day's high of ₹25.99 per share during intraday trading, though it was trading at ₹25.41 at the time of writing, up ₹2.89 or 12.83%. The stock started the session in red at ₹22.44 compared to the last day's closing of ₹22.52 on NSE, but recovered amid massive buying interest. Despite the recent surge, the stock remains 34% below its 52-week high of ₹39.25, which was achieved in July 2025. The stock has shown positive momentum with 25% gains year-to-date, 21% rise in the last year, and 20% jump in the last three years, while adding 8% in the last 5 trading sessions.
According to the company's latest exchange filing, the board will consider the acquisition of equity shares of Advent Coal Resources Pte. Limited and Sainik Mining and Allied Services Limited. The proposals include related party transactions connected to the acquisition of controlling stakes in Advent Coal Resources Pte. Ltd., Singapore, and Sainik Mining and Allied Services Limited through preferential allotment of equity shares and compulsorily convertible preference shares. As reported by BSE Analytics, the company stated that the board will also discuss proposed significant related party transactions and consider the draft notice of the Extraordinary General Meeting (EGM), along with approval of the resolutions required under applicable rules. The acquisition is subject to corporate, statutory, regulatory and stock exchange approvals.
As reported by BSE Analytics, the stock has demonstrated significant long-term performance with multibagger returns of over 1,200% in the last five years. The scrip has shown resilience despite recent volatility, touching its 52-week low of ₹17.64 in January 2026 and 52-week high of ₹39.29. The board meeting is scheduled for Friday, May 22, 2026, at 4:00 PM at the Corporate Office to discuss and approve these strategic acquisitions and related party transactions, subject to all applicable corporate, statutory, regulatory and stock exchange approvals.
