The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.
Ion Exchange share price surged up to 3 per cent to record an intraday high of Rs 685.20 per share on the BSE on Monday
Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps
In past four months, the stock price of ION Exchange has appreciated by 53 per cent after it turned ex-date for sub-division / stock split in the ratio of 10:1.
In the past one month, the stock price of Ion Exchange has zoomed 41 per cent, as compared to 2.7 per cent rise in the S&P BSE Sensex.
On Wednesday, June 9, 2021, Franklin Templeton Mutual Fund purchased 120,000 shares in the company, representing 0.82 per cent stake at Rs 1,984.49 on the BSE via bulk deals.
At the end of the December 2020 quarter, Jhunjhunwala held a 5.29 per cent stake in Ion Exchange.