This textile stock has rallied over 100% in 2 months as promoters up stake

Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity shares worth Rs 41 crore

Shares of Filatex India hit a fresh 52-week high of Rs 57.90 on the BSE in the intra-day trade on Tuesday, having more-than-doubled in the past two months, after promoters hiked stake in the company via open market.

In the past two months, the stock of the textile company​ has​ rallied 111 per cent from ​a ​level of Rs 27.40, as compared to​ a​ 23-per cent surge in the S&P BSE Smallcap index. Between November 19 and December 22, the promoters of Filatex India purchased 11.93 million equity