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12-Jul2017

Bodal Chemicals trades jubilantly after Ashish Kacholia buys stake in the company

Bodal Chemicals is currently trading at Rs. 183.30, up by 16.50 points or 9.89% from its previous closing of Rs. 166.80 on the BSE.

The scrip opened at Rs. 182.50 and has touched a high and low of Rs. 187.05 and Rs. 181.40 respectively. So far 450526 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.05 on 12-Jul-2017 and a 52 week low of Rs. 99.60 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 187.05 and Rs. 161.45 respectively. The current market cap of the company is Rs. 1996.66 crore.

The promoters holding in the company stood at 64.03%, while institutions and non-institutions held 4.08% and 31.88% respectively.

Ashish Kacholia has acquired 1% stake in Bodal Chemicals through open market on July 11. The investor has purchased 1.2 million equity shares representing 1.1% of total equity of the company at an average price of Rs 165 per share. Bengal Finance and Investment too has bought 725,275 shares of the company at price of Rs 166.69.

However, Rakeshbhai Ravjibhai Patel, the promoter of the company has sold almost its entire stake or 2.35 million shares (2.15% stake) for Rs 38.78 crore. He sold shares at price of Rs 165.05 per share.

Bodal Chemicals is an Integrated and Innovative company, offering end-to-end solution to its customers globally. The company is among world's largest manufacturer and exporter of Dyes Intermediate, Dyestuff and Sulphuric Acid, with vertically and horizontally integrated who provides product solutions and service solution on fastest possible route to their customers.


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