Hind Rectifiers zooms 37% in 2 days after Cassini Partners buys stake in co

On Wednesday, August 25, 2021, Cassini Partners L.P. purchased 98,612 equity shares, representing 0.59% of total equity of Hind Rectifiers at a price of Rs 181.90 per share via block deal on the NSE

Shares of Hind Rectifiers hit a 52-week high of Rs 209.90 as they rallied 13 per cent on the National Stock Exchange (NSE) in intra-day trade on Thursday, up 37 per cent in the past two trading days, after the foreign portfolio investor Cassini Partners L.P. bought nearly 1 million shares of the company via the open market.

On Wednesday, August 25, 2021, Cassini Partners L.P. purchased 98,612 equity shares, representing 0.59 per cent of the total equity of Hind Rectifiers at a price of Rs 181.90 per share via block deal on the NSE, the exchange data shows. The name