Aptech rallies over 25% in two days on stake buy by Ashish Kacholia : 10 Feb 2017

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Aptech has rallied 5.5% to Rs 249 in early morning trade, extending its Thursday’s 20% surge on the National Stock Exchange (NSE) after investor Ashish Kacholia acquired more than 2% stake in the company for Rs 20 crore through open market.

The stock trading above its 52-week high, rallied 26% in past two trading sessions from Rs 197 on February 8, 2017.

On February 9, Ashish Ramchandra Kacholia purchased 903,179 equity shares representing 2.26% of total equity of Aptech at an average price of Rs 224.61 per share, the NSE and BSE bulk deal data shows.

At 09:34 am; the stock was up 3% at Rs 244 on the NSE as compared to 0.23% rise in the Nifty 50 index. A combined 2.24 million shares changed hands on the counter on both the exchanges so far.

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