Matrimony.com Stock Hits Fresh 52-week High

BUSINESS STANDARD - Dec 3 - Shares of Matrimony.com hit a fresh 52-week high of Rs 795, surging 10% on the BSE in the intra-day trade on Thursday. ~500,155 equity shares, representing 2.2% stake of the company, changed hands via bulk deal on the BSE, exchange data show. The names of the buyers and sellers could not be ascertained immediately. Matrimony.com is one of the leading consumer Internet companies in India, managing brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora. In the past two weeks, the stock has rallied 27% after SBI Mutual Fund (MF) bought an additional 744,279 shares, or 3.3% stake, in Matrimony.com through its various schemes.

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