Stock market veteran Dolly Khanna has increased stake in Mangalore Chemicals & Fertilizers Limited. Because of this the company’s stock has started running like a rocket. The stock price has risen more than 22 per cent in just three trading days.
Dolly Khanna held 19,63,104 shares or 1.66 per cent stake in the company in the March quarter. Earlier, Dolly Khanna’s holding was 17,16,896 equity shares or 1.45 per cent. In this context, Dolly Khanna bought about 2.46 lakh equity shares during the January-March 2022 quarter.
Shares hit 52 week high: The stock of Mangalore Chemicals and Fertilizers is continuously increasing. The stock price has risen 22.67 per cent since April 6. On Friday, April 8, the share price closed with a gain of Rs 109.10 or 11.67 percent. During trading, the share price went up to Rs 112, which is the highest level of 52 weeks. At present, the market capital of the company is Rs 1,293.00 crore.
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Let us tell you that this company from Karnataka is counted as India’s largest chemical fertilizer manufacturer. It manufactures products like urea, diammonium phosphate.