Advanced Enzyme zooms over 25% in one week as promoter increases stakes

The stock moved higher by 10% to Rs 2,195, extending its 16% rally in past four trading days on NSE.

Advanced Enzyme Technologies moved higher by 10% to Rs 2,195, extending its 16% rally in past four trading days on the National Stock Exchange (NSE), after the promoter increased their stake in the company through open market purchase.

In past two trading sessions, Chandrakant Rathi Innovations and Projects Private Limited had bought 480,747 equity shares representing 2.2% stake of Advanced Enzyme Technologies via open market transactions on NSE.

On March 20, 2017, Chandrakant Rathi Innovations and Projects Private Limited bought 320,724 shares at price of Rs 1,957.76 and additional, 160,023 shares at Rs 1,988.16 on March 21, the