Published on 21/04/2017 2:46:34 PM | Source: Dion Global Solutions Ltd

Radico Khaitan zooms over 9% as Madhuri Madhusudan buys stake

Shares of Radico Khaitan rallied over 9 per cent on the Bombay Stock Exchange amid spurt in volume trade. As per data available with exchange, Madhuri Madhusudan Kela has bought 704,741 equity shares or 0.53 per cent stake in the company at price of Rs 117 per share on the NSE.

Driven by volume trade, shares of the company gained as much as 9.39 per cent to hit intra-day high of Rs 131.60 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 127.50 against previous close price of Rs 120.30. In a similar fashion, stocks of company were trading 5.74 per cent higher at Rs 127.20 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 29,475.88, up 53.49 points or 0.18 per cent, at 11:02 hour.