Bhagiradha Chemicals & Industries

Here's a technical outlook on some of the key stocks owned by ace investor Radhakishan Damani.

On June 5, 2024, Derive Trading and Resorts Private purchased 4.31 million shares representing 3.5 per cent stake of Bhagiradha Chemicals at Rs 188.49 per share via block deal on the BSE.

On June 5, 2024, Derive Trading and Resorts Private Limited bought 4.31 million equity shares representing nearly 3.5 per cent of total equity of Bhagiradha Chemicals & Industries for Rs 81.17 crore.

At 10:11 AM, nearly 4.2 million shares changed hands on the BSE at Rs 188 per share, valuing the block deal at Rs 78.96 crore

The stock rallied 12 per cent to hit a record high of Rs 1,254.60 on Friday's intra-day trade. That apart, the stock bounced back 70 per cent from its June 21, 2022, low of Rs 736.30.

The stock rallied 19% to Rs 333, surging 62% from its Wednesday' low of Rs 206 after Ratnabali Investment and Aditya Goenka bought nearly 15% stakes in agrochemicals company through open market.

The stock has risen by 16% to Rs 282 on the BSE, bouncing back 37% from its intra-day low of Rs 206, after nearly 25% of total equity of the company changed hands through block deal.

The stock locked in upper circuit for the second straight day, up 20% at Rs 291, also its lifetime high on BSE.