Marico Kaya Enterprises has surged 10% to Rs 345 after Morgan Stanley bought over 75,000 shares of the company from the open market.
On July 15, Morgan Stanley Asia (Singapore) purchased 75,156 shares representing 0.58% stake of Marico Kaya Enterprises at price of Rs 312 per share, the NSE bulk deal data shows.
The stock opened at Rs 322 and touched a high of Rs 354, also its highest level since its listing on July 2, 2014.
The trading volumes on the counter more than doubled with a combined 182,000 shares changing hands till 1000 hours on BSE and NSE.
Since listing, the stock has rallied nearly 50% from Rs 237 compared to 1.1% decline in benchmark CNX Nifty.
Marico Kaya is a holding company of Kaya Ltd, which currently owns and operates 86 Kaya Skin Clinics in 26 cities in India.
In January last year, Marico had announced plans to demerge Kaya into a separate entity and list it independently on bourses as part of the company's business restructuring process.
On July 15, Morgan Stanley Asia (Singapore) purchased 75,156 shares representing 0.58% stake of Marico Kaya Enterprises at price of Rs 312 per share, the NSE bulk deal data shows.
The stock opened at Rs 322 and touched a high of Rs 354, also its highest level since its listing on July 2, 2014.
The trading volumes on the counter more than doubled with a combined 182,000 shares changing hands till 1000 hours on BSE and NSE.
Since listing, the stock has rallied nearly 50% from Rs 237 compared to 1.1% decline in benchmark CNX Nifty.
Marico Kaya is a holding company of Kaya Ltd, which currently owns and operates 86 Kaya Skin Clinics in 26 cities in India.
In January last year, Marico had announced plans to demerge Kaya into a separate entity and list it independently on bourses as part of the company's business restructuring process.
