Keep an eye on this stock, which was locked in 20 per cent upper circuit on January 04
Today, shares of the company saw a spurt in volume by more than 19.26 times on BSE today.
One of the Top Gainers on BSE today, shares of TVS Electronics Ltd surged 20 per cent to reach the upper price band of Rs 351.90 apiece. Additionally, the shares also traded at a new 52-week high of Rs 351.90 apiece.
The company released its "Investors Presentation" for January 2023 today. In H1-FY23, the company reported excellent results. In FY22, the net profit increased by 1861.40 percent from Rs 0.77 crore in FY21 to Rs 15.10 crore.
According to reports, the company is rapidly expanding and provides a diverse range of products and services to well-known corporations worldwide. As a result, after the release of the investor presentation, there was some new buying today.
TVS Electronics Ltd manufactures and sells point-of-sale devices, printers, keyboards etc. besides providing service for various original equipment manufacturers via delivery models like exclusive service centers, multi-brand service centers, onsite support, repair centers and factories.
The firm has a market cap of 547 crore. Today, shares of the company saw a spurt in volume by more than 19.26 times on BSE today. The stock gave 90.82 per cent returns in just 6 months. Investors should keep an eye on this stock.