Ashish Kacholia buys 1.09% stake in Bodal Chemicals

MUMBAI: Investor Ashish Kacholia, known for his multi-bagger mid- and small-cap picks, has bought 12 lakh shares or 1.09% stake in Bodal Chemicals at Rs 165 per share on Tuesday, bulk deal data on the BSE showed. Bengal Finance and Investment also bought 7.25 lakh shares of Bodal Chemicals at Rs 166.69 per share.

Separately, Rakeshbhai Ravjibhai Patel, who is one of the promoters of Bodal Chemicals, sold 23.5 lakh shares at Rs 165 apiece, the data showed. Patel held 23.82 lakh shares or 2.37% in the company at the end of June.

Ahmedabad-based Bodal Chemicals is a manufacturer of dye intermediates and dyestuff products in India.

Shares of Bodal Chemicals ended down 0.24% at Rs 166.80 on the BSE on Tuesday. Volume in Bodal Chemicals at 34 lakh shares was higher than last two weeks’ average volume of 4 lakh shares.

The stock has gained 57.06% in the last one year.