Keep an eye on this stock, which was locked in the upper circuit on November 18

Today, the stock of this company was locked at 20 per cent upper circuit at Rs 70.10.

One of the Top Gainers on the BSE today, shares of Vishal Bearings Ltd surged and locked in the 20 per cent upper circuit. Shares also traded at a new 52-week high of Rs 70.10. Additionally, the company's stock price has risen dramatically and has made consecutive upper circuits over the past five days of trading sessions.  

In comparison to FY22, when the net profit was Rs 0.39 crore, it increased to Rs 6.77 crore or 1617.10 per cent in FY23, according to the company's annual consolidated financial figures. The increase in the stock price is mainly due to the good numbers that the company announced in FY23 and hence is witnessing some fresh buying. Today, shares of Vishal Bearings Ltd saw a spurt in volume by more than 77.79 times on BSE.   

Vishal Bearings is engaged in the manufacturing of bearing rollers based in Rajkot (Gujarat), India. They manufacture taper rollers, cylindrical rollers and spherical rollers and supply them to reputed bearing manufacturers and OEMs across India. The company also exports bearing rolls outside of India.  

The stock soared 48.29 per cent on YTD basis while BSE Sensex is just up by 4.19 per cent on YTD basis. Investors must keep this stock under their watch list.