Aptech hits 52-week high as Rakesh Jhunjhunwala hikes stake

Aptech hit a fresh 52-week high of Rs 97.25, up 4%, extending its previous day’s 12% rally on the National Stock Exchange (NSE), after the promoter, Rakesh Jhunjhunwala, increased his holding in the IT training services firm through open market purchase.

On Tuesday, August 9, Rakesh Radheshyam Jhunjhunwala had bought an additional 700,000 shares representing 1.75% stake in Aptech at an average price of Rs 91.62 a piece, the NSE bulk deal data shows. LINK

HET Enterprises had sold 226,251 shares at price of Rs 92.60 per share, while the name of the other sellers not ascertained.

As of June 30, 2016, Rakesh Radheshyam Jhunjhunwala held 10.14% stake in Aptech, according to the shareholding pattern filed by the company. The total promoters holding stood at 45.28%, data shows.

In past one-week, the stock rallied 38% from Rs 70.35 on August 3, as compared to 1.4% rise in the Nifty 50.

At 09:52 am, it was up 0.32% at Rs 93.50 on the NSE. A combined 2.67 million shares changed hands on the counter on the NSE and BSE.

 


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