Radico Khaitan up 10% after Madhuri Madhusudan Kela buys stake in company

On April 20, Madhuri Madhusudan Kela bought 704,741 shares at Rs 117 per share on the NSE.

Radico Khaitan  surged 10% to Rs 132, extending its Thursday’s 11% rally on the National Stock Exchange (NSE) on the back of heavy volumes.

At 09:38 am; the stock was trading 5.5% higher at Rs 127 on the back of two-fold jump in trading volumes. A combined 2.38 million shares representing 1.8% of total equity of Radico Khaitan exchanged hands in the first 23 minutes of trade on NSE and BSE.

On Thursday, Madhuri Madhusudan Kela bought 704,741 equity shares or 0.53% stake in the company at price of Rs 117 per share on the NSE, the bulk