Buzzing stock: Yasho Industries makes a new 52-week high; stock rises 8 per cent

During Thursday’s trading session, even as Sensex and Nifty closed negative, the stock of Yasho Industries registered a fresh 52-week high.

Yasho Industries had announced on Thursday the migration of its equity shares from BSE SME platform to BSE Main Board. Reacting to this, the stock of Yasho Industries jumped more than 9.56 per cent and touched a new 52-week high of Rs 149.

The chemical industry company was listed on BSE SME platform two years ago and has now fulfilled all the criteria needed for the shift.

Yasho Industries manufactures chemicals for industries like rubber & latex, food & flavours, perfumery, lubricants, and other specialty applications since 1993.

The stock has a 52-week high and a 52-week low of Rs 149 and Rs 97.40, respectively.

According to BSE data, the stock traded at a price-to-book ratio of 2.77. The share price of the company on Thursday closed at Rs 147, up by 8.09 per cent on BSE.