Stock of this industrial products company has zoomed 79% in past one month

Thus far in the calendar year 2023, share price of Hind Rectifiers has skyrocketed 161 per cent, as against 5.3 per cent rise in the S&P BSE Sensex.

Shares of Hind Rectifiers were locked in the 20 per cent upper circuit at Rs 597.15 on the BSE on Friday at 12:23 PM; with only buyers seen on the counter ahead of September quarter (Q2FY24) results on Saturday. A combined around 310,000 equity shares representing 2 per cent of total equity of the company had changed hands on the NSE and BSE. There were combined pending buy orders for 30,000 shares, the exchanges data shows.

In past one month, the stock price of industrial products company has zoomed 79 per cent, as compared to 1.7 per cent decline