This smallcap stock has zoomed 43% in 2 days; Quant MF buys 0.52% stake

On Thursday, June 20, Quant MF acquired 120,000 shares, representing 0.52 per cent stake in HCIL, for Rs 5.44 crore

Shares of Heubach Colorants India (HCIL) has rallied 19 per cent to Rs 558 on the National Stock Exchange (NSE) in Friday’s intra-day trade, extending its previous day’s surge after Quant Mutual Fund (MF) bought less than 1 per cent stake in the company via open market.

In past two trading days, the stock of the dyes & pigments company has zoomed 43 per cent. In comparison, the Nifty 50 was up 0.18 per cent at 23,609 at 09:25 am. The stock had hit a 52-week high of Rs 654.90 on January 3, 2024.

On Thursday, June