Ace Investor Ashish Kacholia’s stock zooms 11 per cent to make a new 52-week high!

Since its listing on September 15, 2022, the stock has shown positive performance as it has gained more than 75 per cent

On Tuesday, shares of Virtuoso Optoelectronics skyrocketed more than 11 per cent to make a new 52-week high of Rs 183. The scrip witnessed a massive spurt in volume by more than 7.28 times.   

On March 14, 2023, the company announced the launch of its fourth manufacturing facility in Nashik to help the company to meet the in-house demand for plastic components and cross flow fans. This manufacturing plant is set to become a milestone in the company’s integration model.   

The launch of this new manufacturing facility is expected to help the company to reduce cost and improve production lead time. The company is continuing to build on its plans to strengthen their backward integration & to continuously work towards capacity.   

Incorporated in 2015, Virtuoso Optoelectronics Limited manufactures consumer durable goods, assembles a wide array of products and provides end-to-end product solutions. The company's current product portfolio of consumer goods includes split air conditioners, water heaters, LED lighting products and other miscellaneous products such as injection molding components for air conditioners.  

Since its listing on September 15, 2022, the stock has shown positive performance as it has gained more than 75 per cent. In the past 5 trading days, the stock has witnessed heavy buying with the stock rising more than 22 per cent. Keep a close eye on this trending stock