Onward Technologies Sees Promoter Group Boost with Share Acquisition

The promoter group of Onward Technologies Limited has recently acquired 50,000 equity shares from the open market. This move marks a significant investment by the company's promoters, indicating confidence in Onward Technologies' future prospects. The acquisition is part of a series of recent share purchases by the promoter group, which also includes additional acquisitions of 50,000 and 36,270 shares earlier in February. These transactions highlight the promoters' commitment to strengthening their stake in the company, which operates in the IT consulting and software sector. This strategic move could potentially stabilize and boost investor confidence in Onward Technologies.

 

Source: Business Standard, Moneycontrol, Financial Express