Stock Market LIVE Updates | Alpex Solar shares hit 5% upper circuit after BofA Securities buys stake

Following the multibagger listing, shares of Alpex Solar hit an upper circuit of 5% at Rs 362.7 in Friday trade after BofA Securities picked up a minority stake in the company through the open market on Thursday.

According to exchange data, BofA bought 2.2 lakh shares at the rate of Rs 337 apiece.

The shares of Alpex Solar delivered 215% returns to its investors so far. The stock was listed on the NSE SME platform on Thursday with a premium of 186%, after which it rallied further to close the day at Rs 345 as against an issue price of Rs 115.