 "Hikal hits 52-week high after Ashish Kacholia buys 1.6% stake")
Shares of Hikal hit a 52-week high of Rs 192, up 4% on Tuesday, extending its previous day’s 15% surged on the National Stock Exchange (NSE), after investor Ashish Kacholia bought nearly 2% stake in the pharmaceutical company via open market.
On Monday, September 3, 2018, Ashish Kacholia purchased two million shares, or 1.6% of the Hikal’s equity at price of Rs 166.50 through bulk deal, the NSE data shows. The investor bought these shares for total consideration of Rs 333 million.
Himalaya Finance & Investment Company had bought 1.78 million shares at Rs 166.50 per share.
International Finance Corporation offloaded 3.98 million shares representing 3.2% of total equity of Hikal via bulk deal, data shows. CLICK HERE FOR BULK DEALS DATA
As of June 30, 2018, International Finance Corporation held 6.61 million or 5.37% stake in Hikal, the shareholding pattern data shows.
The stock of Hikal has outperformed the market by surging 33% in past four trading sessions, as compared to 1.3% decline in the Nifty 50 index.
At 09:30 am; the stock was trading 2% higher at Rs 189 on the NSE, against 0.31% decline in the benchmark index. A combined 1.49 million equity shares changed hands on the counter on the NSE and BSE so far.
On Monday, September 3, 2018, Ashish Kacholia purchased two million shares, or 1.6% of the Hikal’s equity at price of Rs 166.50 through bulk deal, the NSE data shows. The investor bought these shares for total consideration of Rs 333 million.
Himalaya Finance & Investment Company had bought 1.78 million shares at Rs 166.50 per share.
International Finance Corporation offloaded 3.98 million shares representing 3.2% of total equity of Hikal via bulk deal, data shows. CLICK HERE FOR BULK DEALS DATA
As of June 30, 2018, International Finance Corporation held 6.61 million or 5.37% stake in Hikal, the shareholding pattern data shows.
The stock of Hikal has outperformed the market by surging 33% in past four trading sessions, as compared to 1.3% decline in the Nifty 50 index.
At 09:30 am; the stock was trading 2% higher at Rs 189 on the NSE, against 0.31% decline in the benchmark index. A combined 1.49 million equity shares changed hands on the counter on the NSE and BSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%