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This stock zooms 17% as ace investor Ashish Kacholia picks stake

Faze Three Auto continues to trade on a firm note amid higher than average volume

Concerns of a taper gain significance as the delta variant threatens the global economic recovery.
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SI Reporter Mumbai
Shares of Faze Three Auto zoomed 17 per cent to a high of Rs 132 on the BSE on the back of relatively higher volume, after an ace investor bought a stake in the company.

According to BSE bulk deals data, ace investor Ashish Rameshchandra Kacholia bought 450,000 shares at an average price of Rs 288.80 in trades on the BSE on Wednesday. Similarly, Ajay Anand acquired 250,000 shares at an average price of Rs 288.20.

On the other hand, Salim Pyarali Govani sold 734,184 stocks at an average price of Rs 288.92 on the BSE.

The stock continues to