Agro Tech Foods surges 30% in two days on FPI buying

The stock hit a 52-week high of Rs 682, up 9%, extending its Thursday's over 15% surge on NSE.

Agro Tech Foods rallied 9% to Rs 682, extending its Thursday’s over 15% surge on the National Stock Exchange (NSE), after the foreign portfolio investor (FPI) bought the stake in agricultural products company through open market.

The stock hit a 52-week high in intra-day trade, zooming 30% in the past two trading sessions from Rs 526 on Wednesday, as compared to 1% decline in Nifty 50 index.

On Thursday, November 30, 2017, Samsung India Securities Master Investment Trust (Equity) purchased 200,000 equity shares of Agro Tech Foods at Rs 620.93 per share on the NSE, the bulk deal data shows.

The names of the sellers were not ascertained immediately.

Rakesh Jhunjhunwala & his family hold 7.56% stake in Agro Tech Foods as on September 30, 2017, the shareholding pattern data shows.

At 10:27 AM; the stock was trading 4% higher at Rs 651 on NSE, as compared to 0.25% rise in Nifty 50 index. A combined 461,333 shares changed hands on the counter on the NSE and BSE so far.