Shares of Bodal Chemicals rallied over 12 per cent, hitting 52-week high, on the Bombay stock Exchange after ace investor Ashish Kacholia acquired 1 per cent stake in the company through open market transaction. Buoyed by the development, shares of the company gained as much as 12.14 per cent to hit 52-week high of Rs 187.05 apiece on the Bombay Stock Exchange.
The stocks were currently trading at Rs 183.00 against previous close price of Rs 166.80. In a similar fashion, shares of the company were trading 5.77 per cent higher at Rs 183.25 apiece on the National Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 31,754.45, up by 7.35 points, or 0.01 per cent, at 11:55 hours.