Stock of this rubber producer company has zoomed 76% in two months

Apcotex hit a record high of Rs 640.30 and rallied 10 per cent on the BSE.

Shares of Apcotex Industries were locked in 10 per cent upper circuit, hitting a record high of Rs 640.30 on the BSE in Monday’s trade, on expectation of strong earnings.

The stock of rubber products company surpassed its previous high of Rs 630 that it had touched on May 2, 2022. In the past two months, the stock has zoomed 76 per cent after the company reported a good set of numbers for the quarter ended March 2022 (Q4FY22).

Apcotex is one of the leading producers of synthetic rubber (NBR & HSR) and synthetic latex (Nitrile, VP latex,