This ace investor, Ashish Kacholias stock gained by more than 76 per cent in one month alone; know more here!

The acquisition of the Thaletec GmbH is expected to created operation synergies for HLE Glascoat and hence the optimism is reflected in the stock price on Monday.

The share price of HLE Glascoat jumped higher by more than 17 per cent on Monday when the frontline indices are showing steady recovery after opening with a gap down.

The share price of HLE Glascoat hit all time high on Monday with a price volume breakout.

The trigger for price rise in the Monday trading session has been the acquisition of global business of Thaletec GmbH, Germany as well as its subsidiary Thaletec USA, as a part of its strategy to strengthen its position further in the global markets with innovative technology. 

HLE Glascoat announced signing of the definitive agreement on Friday, September 17.

The acquisition of the Thaletec GmbH is expected to created operation synergies for HLE Glascoat and hence the optimism is reflected in the stock price on Monday.

HLE Glascoat multibagger has jumped higher by more than 76 per cent in one month alone while in one year the share price of HLE Glasscoat is up by over 212 per cent.

Ace investor Ashish Kacholia holds 1.39 per cent stake in HLE Glascoat as on 30 June, 2021, as per the shareholding pattern data.

HLE Glascoat Limited is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.HLE Glascoat is a market leader in Filtration and Drying Equipment and are a leading manufacturer of Glass Lined Equipment globally. We manufacture a wide range of chemical processing equipment in an equally wide range of materials for some of the most demanding applications.

HLE Glascoat Limited is a part of the Patel Group of Companies founded in 1951 by Late Dr. Khushalbhai H. Patel.