This recently listed IPO has surged 35% in 3 days; up 144% from IPO price

Exicom Tele-Systems rallied 10% to Rs 346.60, its highest level since its listing on March 5, 2024, on the BSE in Friday's intra-day trade.

Shares of Exicom Tele-Systems rallied 10 per cent to Rs 346.60 on the BSE in Friday’s intra-day trade on back of nearly two-fold jump in average trading volumes. The stock is trading at its highest level since its listing on March 5, 2024. The market price of Exicom has been more than doubled or zoomed 144 per cent against its issue price of Rs 142 per share.

In past three trading days, the stock of India's leading electric vehicle (EV) charger & telecom power solutions provider has surged 35 per cent after reported a solid performance with profit after tax