Shares of Indo Tech Transformers hit a new high of Rs 1,432.65 on Tuesday, as they locked in 10 per cent upper circuit in otherwise a weak market on a healthy business outlook. The stock trade saw only buyers on the counter on the BSE at 01:53 PM. In comparison, the S&P BSE Sensex was down 0.76 per cent at 72,841.
In the past four weeks, the stock price of heavy electric equipment company has surged 63 per cent. While in the past one year, it zoomed 660 per cent, compared with a 22 per cent rally in the benchmark index.
