News > This Textile Stock Hit Record High After Vijay Kedia Buys Stake In The Firm

This Textile Stock Hit Record High After Vijay Kedia Buys Stake In The Firm

Good Returns | 04/02/2022 06:28 PM | Click to read full article

Even as the indices have been dragged lower by a margin and small cap stocks performed even worse in trade on February 4, 2022. There is one stock that has hit a record high price of Rs. 2762.3 per share. The stock however settled at a price of Rs. 2739.2 per share.

The spike in the stock price of Ambika Cotton came after ace investor Vijay Kedia added 0.7% stake in the company. The stock's 1-year return has been at 170.65%. While in just 1-week the stock's return is at 38%. The bulk deal data shows that the investors acquired 40,007 shares of the company at a price of Rs. 2,243.12 a piece.