The stock of this electrical equipment company has zoomed 62% in 3 days

Shares of Shilchar Technologies hit a new high of Rs 671.25 after they zoomed 20 per cent on the BSE in Wednesday’s intra-day trade amid heavy volumes in an otherwise a weak market. The stock of the electrical equipment company has soared 62 per cent in the past three trading days from a level of Rs 414.35 hit on April 28, 2022 after it reported a strong set of numbers for the quarter ended March 2022 (Q4FY22).

At 11:56 AM, Shilchar Technologies was 19 per cent higher at Rs 668 on the BSE, as compared to 0.74 per cent decline in the S&P BSE Sensex. Trading volumes on the counter jumped over 10-fold with 113,000 equity shares changing hands on the counter today as against an average 11,000 shares that were traded in the past two weeks on the BSE.