Lokesh Machines Ltd.'s shares hit the 20 percent upper circuit on Tuesday, its biggest move since August 2013. Trading volumes are 31 times its 20-day moving average.
The company, which manufactures industrial machinery and machine tools, has a market capitalisation of Rs 170 crore.
The stock has risen 22 percent in the past month compared with a 1.5 percent advance on the S&P BSE Sensex Index.
Lokesh Machines trades at 69.4 times its trailing 12-month earnings per share, compared to 163 times for its peers, according to Bloomberg.
#BQSpotted by @shraddha_babla | Lokesh Machines locked in upper circuit. pic.twitter.com/xmLGwHi5Ao
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
