Stock of this SME Company has zoomed 121% in 8 trading days

Shares of Evans Electric were locked at the 10 per cent upper circuit at Rs 189.75 on BSE on Friday, trading at fresh 52-week high amid heavy volumes. In comparison, the S&P BSE Sensex was down 0.52 per cent at 61,428 at 12:15 PM.

The average trading volumes of the counter jumped multi-fold with 110,000 shares, representing 8 per cent of total equity of the company, having, so far, changed hands on the BSE. There were pending buy orders for 32,500 shares on the BSE, the exchange data shows. On an average sub 10,000 shares traded in the past