Fineotex Chemical share hits all-time high after Nippon India Mutual Fund buys 6.6 million shares

Shares of Fineotex Chemical have surged over the past two days after Nippon India Mutual Fund picked up nearly six per cent stake through the open market.

On Tuesday, its shares on the BSE hit a 52-week high of Rs 62.15 per share.

Around 11.10 a.m., shares of Fineotex Chemical were trading at Rs 59.65, higher by Rs 5.55 or 10.26 per cent from its previous close.

Advertisement

---

On Monday, Nippon India MF acquired over 66 lakh equity shares for nearly Rs 30 crore through bulk deal on the BSE, according to exchange data.

The mutual fund bought shares at a price of Rs 45.25 per share.

SEE ALSO: House passes bill to increase $600 stimulus checks to $2,000. It now goes to the Senate.

Most vaccine skeptics are persuadable and will get the COVID-19 shot, says a Nobel prize-winner who studies vaccine hesitancy

Bitcoin-mining stocks surge after the cryptocurrency passes $28,000 for the first time