Kiri Dyes gained nearly 3% to Rs 398. The stock touched an intra-day high of Rs 420 and a low of Rs 392. The counter witnessed a four-fold increase in its daily average traded volume. Around 280,700 shares changed hands at the BSE counter as against its two-week average traded quantity of 75,635 shares.
__________________________________________________________________
(Updated 1256 hrs)
Kiri Dyes and Chemicals touched its 52-week high at Rs 412 today, owing to its plans for possible overseas acquisition.
The stock is now up 6.5% to Rs 412, after opening at Rs 392, which is also its lowest so far during the day. The counter has witnessed over a two-fold increase of 198,270 shares as against its two-week average trade of 75,635 shares.
The stock has zoomed 33.5% from its week-ago close of Rs 308 and it has saw a sharp spike of over 58% from its month-ago close of Rs 260.
Kiri Dyes and Chemicals informed BSE today that the company is looking for options for overseas acquisition and trying to find suitable target in the same line of business of the company.
