Godrej Agrovet rallies 8%, hits 52-week high as Godrej Industries ups stake

Shares of Godrej Agrovet hit a fresh 52-week high of Rs 622.10 as they rallied 8 per cent on the BSE in Wednesday's intra-day trade after promoter Group, Godrej Industries, bought nearly 1 million shares of the company via open market purchases. With today's gain, stock of the agricultural products company has surpassed its previous high of Rs 596, touched on May 12, 2021.

On Tuesday, June 22, 2021, Godrej Industries purchased 976,047 shares, representing 0.51 per cent of total equity of Godrej Agrovet, worth of Rs 55.63 crore. The promoter bought these shares at price of Rs 570 per share via bulk deal on the BSE, exchange data shows. Balram Singh Yadav, an individual investor, sold 1.0 million