Indoco Remedies share price hits 52-week high after Dovetail India Fund buys 5 lakh shares

Indoco Remedies | Dovetail India Fund Class 6 Shares bought 5 lakh shares in company at Rs 265.31 per share on the NSE. However, OHM Juniper Longterm Fund was the seller for these shares at same price.

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Indoco Remedies share price rose more than 4 percent intraday on December 3 after Dovetail India Fund Class 6 Shares bought 5 lakh shares of the company at Rs 265.31 apiece on the NSE.

Dovetail India Fund purchased 5 lakh equity shares amounting to 0.58 percent stake, data available on NSE showed.

However, OHM Juniper Longterm Fund offloaded 0.54 percent stake in the company at Rs 265.31 per share on BSE.

The stock was trading at Rs 295.00, up Rs 11.75, or 4.15 percent, at 1145 hours. It has touched a 52-week high of Rs 295. It has touched an intraday high of Rs 295 and an intraday low of Rs 285.10.

Net profit of Indoco Remedies surged 228.43 percent to Rs 25.65 crore in the quarter ended September 2020 as against Rs 7.81 crore in the year-ago period