Indian chemical company shares jump after Norwegian govt fund buys stake
- As per NSE data, between November 22 to 28th, in a bulk deal, Norges Bank On Account Of The Government Pension Fund Global purchased 10.92 lakh equity shares at a price of ₹920 per share - aggregating to ₹100.46 crore.
Ami Organics, an R&D-driven manufacturer of specialty chemicals, rose by nearly 7% on Tuesday after the Norwegian Government Pension Fund Global picked up stakes worth more than ₹100 crore in the company. The smallcap stock was a couple of rupees away from crossing the ₹1,000 mark on NSE. On the back of a strong presence in high-growing and niche markets, Ami Organics is expected to continue to record better growth in a mid to long-term basis.
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