Likhitha Infra soars 22% in two days as Ashish Kacholia buys 2% stake

The company has fixed Friday, December 02, as the record date for ascertaining the eligibility of shareholders entitled for split/subdivision of shares

Shares of Likhitha Infrastructure hit a new high of Rs 494.30 as they rallied 5 per cent on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes. In the past two trading days, the stock of the civil construction company has soared 22 per cent after ace investor Ashish Kacholia bought 2 per cent stake in the company through open market.

On Wednesday, November 30, Ashish Kacholia purchased 397,000 equity shares, representing 2.01 per cent stake, in Likhitha Infrastructure at a price of Rs 386 per share on the NSE via block deal, exchange data shows.