Shares of Inflame Appliances rally 6.36 per cent; here's why!

The stock has furnished robust returns of 45 per cent over the last 12 months

Inflame Appliances has informed the exchange that it has received a huge order for 45,000 kitchen appliances of various models from one of the major and renowned companies - Hindware Home Innovation Limited, which owns the prestigious brand Hindware Appliances.

Inflame Appliances Limited was originally formed as a partnership firm in the name and style of M/s Techno Engineering Corporation. On October 16, 2017, the partnership firm was thereafter converted into a public limited company. The company is engaged in the manufacturing of LPG gas stoves and sheet metal components. The company's manufacturing facilities are situated at Panchkula.

On Tuesday, shares of Inflame Appliances zoomed 6.36 per cent to close the session at Rs 384.50 per share on BSE. The stock has furnished robust returns of 45 per cent over the last 12 months.

Investors should keep a close eye on this in the upcoming session.