Temasek Holdings, owned by the government of Singapore, has acquired over 3% stake in the Max india

Max India rose 1.27% to Rs 139.45 at 09:42 IST on india's stock market BSE, on reports Temasek Holdings, owned by the government of Singapore, has acquired over 3% stake in the diversified firm.Meanwhile, the BSE Sensex was down 44.13 points, or 0.22% to 19,938.75.On BSE, 71,191 shares were traded in the counter as against an average daily volume of 3.12 lakh shares in the past one quarter.The stock hit a high of Rs 142.50 and a low of Rs 138.40 so far during the day. The stock had hit a 52-week high of Rs 245 on 15 January 2010 and a 52-week low of Rs 132.90 on 26 November 2010.The mid-cap stock had underperformed the market over the past one month till 23 December 2010, falling 12.40% as compared to the Sensex's 1.48% rise. It also underperformed the market in past one quarter, declining 18.83% as against 0.61% rise in the Sensex.The company's equity capital is Rs 46.49 crore. Face value per share is Rs 2.Temasek Holdings has reportedly acquired over 3% equity of Max India at an average price of about Rs 160 per share through stock market purchases since early November 2010.Max India reported net loss of Rs 18.95 crore in Q2 September 2010 compared to net profit of Rs 1.97 crore in Q2 September 2009. Net sales rose 13.40% to Rs 94.12 crore in Q2 September 2010 over Q2 September 2009.