This stock has surged 25% in two days after Vijay Kedia bought stake

Shares of Ambika Cotton hit a record high of Rs 2,590, on rallying 12 per cent on the National Stock Exchange (NSE) in Friday’s intra-day trade. The stock has surged as much as 25 per cent in the last two trading sessions after ace investor Vijay Kedia bought nearly 1 per cent stake in textile company through open market on Thursday.

On February 3, 2022, Vijay Kedia purchased 40,007 equity shares representing 0.70 per cent of total equity of Ambika Cotton Mills for Rs 9 crore. Kedia acquired shares at price of Rs 2,243 on the NSE, the bulk