Advanced Enzyme stock surge 33% in 2 days as Nalanda India picks up stake

Nalanda India Equity Fund has bought 41,90,491 equity shares in Advanced Enzyme Technologies (representing 3.75 percent of the total paid-up equity) at Rs 263.8 per share, the bulk deals data available on NSE showed.

Advanced Enzyme Technologies share price jumped over 13 percent intraday on September 25, surging over 33 percent in the last 2 days.

Nalanda India Equity Fund acquired a 3.75 percent equity stake in the company via an open market transaction on September 24.

Foreign portfolio investor (FPI) bought nearly 4 percent stake in the company via open market.

The stock was trading at Rs 308.80, up Rs 36, or 13.20 percent. It has touched a 52-week high of Rs 317.20.

The scrip was trading with volumes of 218,164 shares, compared to its five day average of 65,867 shares, an increase of 231.22 percent.

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