In Tuesday’s trading session, the shares of Hikal hit a fresh 52-week high of Rs. 192 and rise by 4 percent, extending its previous day’s 15 percent surged on the National Stock Exchange (NSE). It was just after when the Ashish Kacholia purchased around two million shares, 1.6 percent of the Hikal’s equity at price of Rs. 166.50 through a bulk deal, according to NSE data.
The stock of Hikal has outperformed the market by surging 33 percent in past four trading sessions, as compared to 1.3 percent in the Nifty 50 index.
Despite the flat opening in the today’s session of NSE Nifty which opened at the level of 11,598.75 from its previous closing level of 11,582.35, Hikal outperformed and expected to do so in the future.