Ishan Dyes zooms 37% in two trading sessions as Shankar Sharma buys stake

Ace investor Shankar Sharma bought 7 lakh shares, representing 4.4 per cent equity, of Ishan Dyes at an average price of Rs 121.71 per share in a bulk deal on February 08.

Shares of specialty chemicals maker, Ishan Dyes & Chemicals, soared nearly 20 per cent to a high of Rs 166 in Wednesday's intraday trade amid heavy volumes, after ace investor Shankar Sharma bought a significant stake in the company in the previous trading session via open market deals.

According to the BSE bulk deals data, Shankar Sharma bought 7-lakh shares, representing 4.4 per cent equity, of Ishan Dyes at an average price of Rs 121.71 per share. Simiarly, Standard Greases & Specialities, too, purchased 1-lakh shares at Rs 123 per share, data show.

Post the bulk deals, the stock has