Tega Industries rallies 8%, hits 52-week high on strong growth prospects

Last month, National Company Law Tribunal (NCLT) approved Tega's Resolution Plan for the acquisition of McNally Sayaji Engineering through Corporate Insolvency Resolution Process (CIRP)

Shares of Tega Industries hit a 52-week high of Rs 709.55 as they surged 8 per cent on the BSE in Thursday’s intra-day trade on strong growth prospects. In the past three trading days, the stock of the industrial products' company has rallied 13 per cent, taking the stock above its previous high of Rs 706.25, touched on March 9, 2023. In comparison, the S&P BSE Sensex was up 0.27 per cent at 58,374 at 12:48 pm.

Tega made its stock market debut on December 13, 2021. The company issued shares at price of Rs 453 per share through