530 per cent returns: Heavy buying witnessed in this multibagger stock to trade on a new 52-week high!

The stock has witnessed significant buying interest, as it has delivered multibagger returns of over 200 per cent in just 3 months

On Friday, shares of Spectrum Electrical Industries zoomed and got locked at 5 per cent upper circuit to trade on a new 52-week high of Rs 535.40 apiece on NSE. The scrip witnessed massive spurt in volume.    

Spectrum Electrical Industries is a rapidly growing Indian company that has completed 29 years of successful operations and is positioned to expand into new areas of growth strategies aligned with its global vision.   

The company is known for its capabilities in providing innovative and competitive solutions for high-precision components, electromechanical assemblies and ready-to-install products, among others and is committed to total customer satisfaction in fiercely competitive and rapidly growing markets.   

Spectrum's business operations are linearly integrated and organized into metal stamping, metal enclosures, injection molding, surface coating solutions, tooling solutions and contract manufacturing.   

The stock has witnessed significant buying interest, as it has delivered multibagger returns of over 200 per cent in just 3 months and over 530 per cent on a year-to-date basis. Over the last year, the stock has rallied over 440 per cent, while in the last month alone, it has gained more than 40 per cent. Keep a close eye on this trending multibagger stock