07/12/2021

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Dolly Khanna buys nearly 1% stake in Ajanta Soya; stock zooms 32% in 2 days

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Shares of Ajanta Soya hit 20 for every cent higher circuit at Rs 183.75 on the BSE on Tuesday soon after ace investor Dolly Khanna acquired approximately 1 for every cent stake in the edible oil enterprise by way of an open industry transcation. The stock was investing at its document large amount, and has surged 32 for every cent in the earlier two buying and selling times.

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On Monday, November 22, 2021, Dolly Khanna ordered 140,000 fairness shares, representing .87 for every cent of total fairness of Ajanta Soya, at price tag of Rs 147.72 for each share on the BSE, exchange facts exhibits. As of September 30, 2021, Dolly Khanna experienced no keeping in the organization, shareholding pattern information recommended.&#13
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Until 10:55 am, 269,000 equity shares had changed arms on the counter and there are pending obtain orders for 73,571 shares on the BSE. In comparison, the S&P BSE Sensex was down .47 for every cent at 58,190 details.

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Currently, the stock is classified in the X classification on the BSE. X group is composed of all all those shares which are only outlined on BSE and are settled on a trade-to-trade foundation.

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The company’s management in FY21 once-a-year report experienced claimed that the ongoing development of the Indian Meals marketer offers an tremendous prospect for a continual progress in revenues and earnings for companies like us. Also, with the rural India getting revisited by marketers by means of the modern-day retail (haat) philosophy, the option is big.

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“Escalating revenue, urbanisation, switching meals behavior and further penetration of processed food items will be crucial drivers of upcoming consumption expansion of edible oil in the region. Competitors from Indian and global gamers remain a matter of problem and possible menace though the corporation is effectively ready to deal with this sort of difficulties on an ongoing basis,” the administration reported.

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