RPG Lifesciences has been hitting a new high consistently for the past couple of days and today was no different. It has hit a new high today at Rs.159.90 and it continues to remain firmly in the green, up almost 5% at Rs.156 levels.

The stock has been hitting a new high probably on the back of the promoter, Harsh vardhan Goenka buying its shares through the open markets. He has been buying, and also through his trust, Nucleus Life Trust bought 1.7% stake or 2.77 lakh shares over the past two weeks. This purchase has happened at an average price of Rs.142.47/share. Even in the week earlier, between 16^th to 18^th March, Nucleus Life bought some 1.90 lakh shares at Rs.142.47/share.

The promoter already owns a good stake; as at 31^st Dec 2014 held 61.83% stake.