Matrimony.com rallies 10% after block deals; stock hits fresh 52-week high

Shares of Matrimony.com hit a fresh 52-week high of Rs 795, surging 10 per cent on the BSE in the intra-day trade on Thursday on the back of heavy volumes. At 09:15 am, around 500,155 equity shares, representing 2.2 per cent 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. It is a signature consumer internet conglomerate, managing marquee brands such as BharatMatrimony, CommunityMatrimony and EliteMatrimony. The Company delivers matchmaking and marriage related services to users in India and the Indian diaspora.