Back-to-back upper circuits: This stock doubled the wealth of investors in just one month! Do you own it?

It delivered exceptional returns of more than 70 per cent over the last five trading sessions.

Indian headline indices started the Thursday’s session lower in line with weakness in the global markets but they recovered and were able to trade flat. The indices then experienced a sharp decline at the close, which was primarily caused by heavy losses in the BSE Consumer Durables and BSE Utilities sectors.  

The BSE Capital Goods sector amazed investors with gains of 1 per cent in a sluggish market, while the majority of sectors ended lower. Shares of Timken India, the sector's top gainer, were locked at a 20 per cent upper circuit and traded at a new 52-week high.  

Despite the fact that many capital goods stocks rallied, investors were drawn to Evans Electric due to the strong price-volume breakout. On an intraday basis on Thursday, shares of Evans Electric locked at a 10 per cent upper circuit and reached a new 52-week high of Rs 172.50 per share on BSE.  

By hitting back-to-back upper circuits, the stock has soared over 100 per cent in just one month, doubling investors' wealth! Additionally, it delivered exceptional returns of more than 70 per cent over the last five trading sessions.  

The company has grown in strength and focus while providing exclusive repair, refurbishment and support services to the entire power generation, distribution, manufacturing and process industries.   

Keep a close eye on this scrip for the upcoming sessions!