Ami Organics, an R&D-driven manufacturer of specialty chemicals, rose by nearly 7% on Tuesday after the Norwegian Government Pension Fund Global picked up stakes worth more than ₹100 crore in the company. The smallcap stock was a couple of rupees away from crossing the ₹1,000 mark on NSE. On the back of a strong presence in high-growing and niche markets, Ami Organics is expected to continue to record better growth in a mid to long-term basis.
At around 10.35 am, Ami Organics stock was trading at ₹975.30 apiece up by ₹38.80 or 4.14% on NSE. The stock has touched an intraday high of ₹998.95 apiece — resulting in an overall jump of 6.67% so far in the day.
On the previous day, Ami Organics stock was around ₹936.50 apiece on the exchange.
As per NSE data, between November 22 to 28th, in a bulk deal, Norges Bank On Account Of The Government Pension Fund Global purchased 10.92 lakh equity shares at a price of ₹920 per share — aggregating to ₹100.46 crore.
During this period, SmallCap World Fund Inc sold 12.72 lakh equity shares at ₹920 per share — amounting to ₹117.02 crore.
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Download The Mint News App to get Daily Market Updates.
(This story has not been checked by Kashmir Bulletin and is auto-generated from other sources)
Source link
