Keep an eye on this stock, which was locked in the upper circuit on November 23

Today, the stock of this company was locked at 20 per cent at Rs 377.40.

One of the Top Gainers on the BSE today, shares of Welspun Investments and Commercials Limited (WICL) surged and reached an upper price band of Rs 377.40 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 past trading sessions. 

In comparison to FY22, when the net profit was Rs 0.79 crore, it increased to Rs 2.47 crore or 211.62 per cent in FY23, according to the company's annual financial figures. The company declared a positive set of results and hence is witnessing some fresh buying. Today, the shares of WICL saw a spurt in volume by more than 28 times on BSE.    

Welspun Investments and Commercials Limited (WICL) was formed after the demerger of Welspun India Limited into two separate companies in 2009. The company is engaged in the business of investment and dealing in shares & securities and trading of textile products & commodities.  

The stock is up by 44 per cent in the past five trading sessions while BSE Sensex is down by 0.85 per cent in past five trading sessions. Investors must keep this stock under their watch list.