Keep an eye on this stock, which was locked in the upper circuit on November 17

Today, the stock of this company was locked at 20 per cent at Rs 43.80.

One of the Top Gainers on the BSE today, shares of Loyal Equipments Ltd surged and reached a fresh upper price band of Rs 43.80 per share, after being locked in the 20 per cent upper circuit. Furthermore, the company's share price is rising dramatically and has made back-to-back upper circuits in the last five days of trading.   

The company declared a positive set of results and hence is witnessing some fresh buying. Today, the shares of Loyal Equipments Ltd saw a spurt in volume by more than 26.40 times on BSE.  

Loyal Equipments Limited was established in 1993, as a "Loyal Engineer" Company in Ahmedabad, Gujarat. The company operates in the field of manufacturing industries and engineering equipment. The company also mass-produces and exports high-quality heat exchangers, pressure vessels, air-cooled heat exchangers, storage tanks, pressure receivers, stacks, heavy structural parts, base plates, and other oil, gas, petroleum, and chemical products. It is also active in the fields of sugar, steel, fertilizer, and power plants. The company exports its products to various countries such as Brazil, Algeria, Saudi Arabia, Singapore, and Malaysia.  

The stock is up by 41.3 per cent in one year while BSE Sensex is up by 3.55 per cent in one year. Investors must keep this stock under their watch list.