Nath Bio-Genes (India) hits new high; stock soars over 50% in 8 days

The stock hit a new high of Rs 344, soared 56% from Rs 221 on May 31.

Nath Bio-Genes (India) has moved higher to its record high of Rs 344, up 6.5%, extending its seven-session long rally on the BSE.

Thus far in June, in the last eight trading sessions, the stock soared 56% from Rs 221, after the promoter Agri-Tech (India) sold more than 500,000 equity shares via open market. On comparison, the Nifty 50 index was down 0.11% during the period.

On Jun 1, 2017, Agri-Tech (India) had offloaded 517,000 shares representing 3.2% stake in agricultural products company at price of Rs 231.23 per share.

Dangi Alpana Sanjay, had purchased 497,453 shares at