Indo Tech Transformers

Shares of Indo Tech Transformers hit a new high of Rs 2,507, surging 5 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy business outlook.

In the past four weeks, the stock price of heavy electric equipment company has surged 63 per cent. While in the past one year, it zoomed 660 per cent

The stock of heavy electric equipment company traded higher for the fifth straight day, and zoomed 82 per cent after the company reported strong March quarter earnings (Q4FY23)

The company said that it has developed a business plan to strengthen its financial position and liquidity.