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The Economic Times
The Economic Times
Business
Veer Sharma

Ace investor Ashish Dhawan picks up 35 lakh shares in Religare Enterprises; stock jumps 5%

Religare Enterprises REL Religare NSE

Shares of Religare Enterprises rallied as much as 4.5% to hit a day’s high of Rs 254 on the BSE on Tuesday after ace investor Asish Dhawan bought shares for the second consecutive session, according to NSE bulk deal data. With Tuesday’s gain, the stock has risen nearly 9% over the two sessions.

According to the NSE, Dhawan bought 18 lakh shares at an average price of Rs 232 apiece on August 28 and another 16.98 lakh shares at Rs 237 apiece on August 31. Earlier shareholding data showed that Dhawan held a 5.24% stake in the company.

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