Apollo Pipes gains 10% in 2 days after Ashish Kacholia buys nearly 2% stake

Shares of Apollo Pipes gained 5 per cent to Rs 397 apiece in the intra-day trade on Tuesday, thus adding 10 per cent in the past two sessions, after ace investor Ashish Kacholia acquired nearly 2 per cent stake in the company via open market.

On Monday, September 23, Ashok Rameshchandra Kacholia bought 233,513 shares, representing 1.78 per cent of total equity of Apollo Pipes, at Rs 375 apiece in a bulk deal on the BSE.

Canara HSBC Oriental Bank of Commerce Life Insurance Company, on the other hand, sold a total of 140,000 shares at Rs 375