Intraday Spotlight: This small-cap stock has rallied 28 per cent in 5 days!
The company is one of the leading gainers in the A group today.
Apar Industries Ltd, engaged in the electric equipment manufacturing business, has jumped over 5.6 per cent today from its previous close of Rs 920.80. The stock opened at Rs 949 and has made its day high of Rs 1048.65 (+13.88 per cent), which is also its fresh 52-week high. As of 3 pm today, the stock was trading near Rs 972 on the BSE. This company is one of the leading gainers in group A on the BSE.
Interestingly, the stock has delivered incredible upside in the past five days. In the period from June 14 to June 20, the stock has rocketed from Rs 758.50 to today’s RS 972 level. That’s a gain of over 28 per cent.
While the benchmark index like Sensex has been slipping for past week, Apar Industries has been flying as if nothing happened. For the quarter ended March, the company reported a growth of 73.32 per cent in profitability and an increase of 58.55 per cent in revenues on a YoY basis.
Apar Industries Ltd operates in the diverse fields of electrical, metallurgical and chemical engineering. It is one of the leading manufacturers of aluminium alloy rods and conductors.
The stock has a 52-week high and low of Rs 1,048.65 and Rs 500.10, respectively.