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Vivimed Labs surged 32% in two days after Ashish Kacholia bought 4.5% stake

Vivimed Labs surged 32% in two days after Ashish Kacholia bought 4.5% stake

Shares of Vivimed Labs extended gains for the second straight day on Wednesday to jump nearly 12 per cent after Ashish Kacholia, the ace yet not-so-famous investor of Dalal Street.

BusinessToday.In
  • New Delhi,
  • Updated Sep 28, 2016 10:13 AM IST
Vivimed Labs surged 32% in two days after Ashish Kacholia bought 4.5% stakePhoto: Reuters

Shares of Vivimed Labs extended gains for the second straight day on Wednesday to jump nearly 12 per cent after Ashish Kacholia, the ace yet not-so-famous investor of Dalal Street bought 4.5 per cent stake in the company, reported CNBC-TV 18.

On Tuesday, Kacholia bought 13,73,713 shares of Vivimed Labs at Rs 90.50 on the NSE. Reacting to the news, the stock hit its fresh 52-week to surge 20 per cent in the previous session, On Wednesday, the stock gained as much as 11.84 per cent on the BSE.

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Ashish Kacholia, an influential independent investor, is the founder of Lucky Investment Managers, an investment advisory firm. He started his career with Prime Securities and Edelweiss Equity Research.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Sep 28, 2016 10:05 AM IST
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