Shares of Subros hit a new high of Rs 530, as they surged 18 per cent on the BSE in Monday’s intra-day trade on heavy volumes after winning Rs 25 crore orders from the Indian Railways.
The stock of auto components & equipment company was quoting 13 per cent higher at Rs 510, as compared to 0.17 per cent gain in the S&P BSE Sensex in morning trade. The average trading volumes on the counter jumped over four-fold with a combined around 1.9 million equity shares – representing 2.9 per cent of total equity of Subros – changing hands on the NSE and BSE.
