After Ashish Kacholia acquires a stake, Best Agrolife's stock price has soared by 37% in 5 days

2 Sep 2022 , 07:22 AM

Following the purchase of 13.8 lakh shares by renowned investor Ashish Kacholia, Best Agrolife’s stock increased by as much as 14.5%. The stock surged, reaching a new day high of Rs1,266.50.

Kacholia, who is renowned for selecting multi-bagger companies in the midcap and smallcap space, purchased the shares of the company that manufactures pesticides and agrochemicals for Rs940.88 per share.

Resonance Opportunities Fund (8.9%) and Nomura Singapore are two FPI stockholders (1.5%).

The stock has increased by more than 880% over the previous three years and is up about 29% year to date (YTD).

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