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On Monday, the multibagger stock opened at Rs 178.05 on the NSE and touched an intraday high of Rs 187.40 before easing to Rs 176.50.
SAR Televenture Shares
Shares of SAR Televenture surged more than 7% on Monday, extending their multibagger run, after the company announced plans to acquire 100% stakes in Blue Lotus Support Services Pvt Ltd and Whitefield Communications Pvt Ltd for a total consideration of ₹800 crore.
The move marks a significant expansion step for the NSE SME-listed telecom infrastructure company, whose stock has soared nearly 240% since its market debut in November 2023.
In an exchange filing, SAR Televenture said the acquisitions will bolster its presence in the southern states of Karnataka, Tamil Nadu, Kerala, Telangana, and Andhra Pradesh, where data usage and 5G rollouts are accelerating.
“The acquisition represents a natural progression in our growth journey,” said Rahul Sahdev, Managing Director of SAR Televenture. “It enables us to strengthen southern operations, enhance service delivery, and capitalize on emerging opportunities in India’s evolving digital and 5G ecosystem.”
The company added that the transaction aligns with its core strategy of offering integrated telecom infrastructure solutions, including tower management, fiber deployment, and network maintenance.
With this acquisition, SAR Televenture — which already operates in northern India through Fusionnet Web Services Pvt Ltd — moves closer to achieving PAN-India operational coverage.
Strong Investor Response Since IPO
SAR Televenture made a bumper listing on November 8, 2023, debuting at Rs 105 per share, almost double its IPO price of Rs 55. The company raised Rs 24.75 crore through its public offering, which was open for subscription from November 1–3, 2023.
Investor demand for the issue was exceptionally strong, with overall subscriptions reaching 267 times — including 715x by non-institutional investors, 222x by retail investors, and 77x by qualified institutional buyers.
Stock Outlook and Technical View
On Monday, SAR Televenture’s stock opened at Rs 178.05 on the NSE and touched an intraday high of Rs 187.40 before easing to Rs 176.50.
According to Anshul Jain, Head of Research at Lakshmishree, the stock appears to be forming a bullish double-bottom pattern on the 38-week chart, hinting at a possible reversal. “A decisive close above Rs 200 would confirm the breakout and signal renewed upward momentum,” Jain said. “Until then, traders should stay cautious as the stock may continue to consolidate and remain volatile.”
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 27, 2025, 14:00 IST
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