Reliance Mutual Fund has picked 1.48% stake in Sanghi Industries, a manufacturer of clinker and cement, for Rs 145.32 million on Tuesday. Reliance MF purchased 32,65,642 shares at a price of Rs 44.5 a share.

On the other hand, Classic Investors Services has sold 2.73% stake in Sanghi Industries for Rs 267.72 million. It sold 60,00,000 shares at an average price of Rs 44.62.

Shares of the company gained Rs 2.2, or 4.94%, to settle at Rs 46.70. The total volume of shares traded was 52,508 at the BSE (Tuesday).