It seems founder of Balaji Telefilms and daughter of yesteryear star Jeetendra, Ekta Kapoor, knows a good deal when she sees one. On May 20, Kapoor bought 100,000 shares at about Rs 38 a share from the open market in her production house, enhancing her stake to 16.59% from 16.44%. Bargain hunting might have driven the move rather than an attempt to support the stock which has been under severe pressure lately. The stock has declined 22% from Rs 46 to Rs 36 over the past month after news surfaced about the Income Tax conducting raids on Kapoor’s office and residence. The tax department claims that Balaji Telefilms has evaded tax to the tune of Rs 30 crore by inflating expenses. Pending disputes with the Commissioner of Service Tax as well as the Department of Sales Tax might also be playing on the mind of investors. The performance in FY13 has not provided much cheer either. Consolidated income for FY13 was flat at Rs 186 crore and net profit was down to Rs 14.58 crore from Rs 20.44 crore in the previous year. Given such uncertainties, it will be interesting to see if Kapoor continues her bargain hunt in the face of a declining stock price.