The stock gave multibagger returns of 230 per cent in just 1 year whereas BSE Sensex is up by 23.5 per cent.

Stock hit the upper circuit after the company announced it had inked a memorandum of understanding (MoU) with Astra Microwave Products to collaborate on developing and marketing products.

The stock gave multibagger returns of over 100 per cent from its 52-week low of Rs 228.1 per share whereas BSE Sensex Index is up by 23.1 per cent in the same period.

From Rs 1.75 to Rs 111.18. per share, the stock delivered multibagger returns of over 6,250 per cent in 3 years.

The stock gave multibagger returns of 220 per cent in just 1 year while the BSE Sensex Index is up by 25 per cent.

The partnership aims to develop and manufacture this innovative product, with company and HHL acquiring shares in the new entity at a ratio of 60:40, while no initial consideration is exchanged.

Talking about the financials, the company has a market cap of over Rs 1,000 crore. The company reported excellent numbers in its both half-yearly results and annual results. The net sales increased by 50.69 per cent and net profit increased by 57.57 per cent in H2FY23 over H2FY22. The net sales increased by 40.99 per cent and the net profit increased by 40.24 per cent in FY23 over FY22.

Shares of the company have gained about 80 per cent in the last six months.