Ajanta Soya stocks hit 20% upper circuit, trade on new 52-week high after Dolly Khanna buys 1,40,000 shares

Ajanta Soya stocks hit a 20% upper circuit and traded on new 52-week high value of Rs 183.75 per share in Tuesday's intraday trade on BSE. It comes on back of bulk deal in the share by celebrity investor Dolly Khanna on Monday.

The stock witnessed a spurt in volume by more than 2.63 times and surpassed its previous 52-week high of Rs 160 per share, which it clinched only yesterday (November 22, 2021).  

Shares of Ajanta Soya traded on 52-week low value of Rs 43.50 per share on November 24 last year.  

See Zee Business Live TV Streaming Below:

Earlier on Monday, Dolly Khanna bought 1,40,000 equity shares in the company at the weighted average price of Rs 147.72 per share on the BSE, the bulk deals data showed. The stock had closed on Tuesday with a gain of Rs 13.60 or 9.7 per cent at Rs 153.15.

Incorporated on 13th January 1992 under companies Act, 1956, Ajanta Soya Limited is engaged in the business of manufacturing of Vanaspati and various kinds of cooking oil with applications products for bakery like biscuits, puffs, pastries and other applications. The company claims it to be a leading manufacturer and marketer of Vanaspati, Cooking Oils and Bakery applications for two decades.  

Earlier this morning, domestic equity benchmarks Nifty50 and S&P BSE Sensex extended their losses on Tuesday after correcting by nearly 2 per cent on Monday. The Nifty and the Sensex opened at 17,281.75 and 57,983.95, respectively. The indices corrected nearly 1 per t in the opening trade itself.  

The Bank Nifty, which closed nearly 850 points lower on Monday, started at 36,787.00, down over 300 points.  

Tech shares were top drags as Infosys, Tech Mahindra and Wipro corrected between 2 and 3.5 per cent in the early morning trade.  

(Disclaimer: The views/suggestions/advices expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)