Sudarshan Chem gets 'Morganed'
By
Research Desk
about 8 years ago
Sudarshan Chemicals has been on a roll this whole week, consistently breaching upper circuits and hitting new highs. Today too, the stock price hit a new 52-week high at Rs.383, up 6%.
The company is a manufacturer of color & effect pigments in India and it is the limelight because Morgan Stanley Mauritius has been buying into the counter. Yesterday, on the NSE, it bought 4.08 lakh shares at an average price of Rs.356.96/share in a bulk deal.
Prior to this, on 27th July, Morgan Stanley Asia (Singapore) Pte mopped up additional 3.64 lakh shares of the company at an average price of Rs.302.50/share. And two days before that th same fund had bought 3.55 lakh shares of the company at an average price of Rs.288.53/share.