Desco Infratech Hits Upper Circuit: Stock Soars 5% to New 52-Week High
Shares of Desco Infratech Ltd (BOM: 544387) experienced a significant surge in early trading, climbing 5.00% on the Bombay Stock Exchange (BSE) today, April 4th, apparently hitting the upper price band.
As of 9:56 am IST, the stock was locked at 192.20 INR, marking a gain of +9.15 INR for the session. This strong performance came after the stock opened higher at 188.00 INR compared to the previous close of 183.05 INR.
The trading pattern for the morning showed some initial volatility. After opening, the stock dipped to a day low of 185.00 INR before rallying sharply to reach the day’s high, and current price, of 192.20 INR.
Significantly, this peak price of 192.20 INR also represents a new 52-week high for Desco Infratech. The stock has traded within a range over the past year, with its 52-week low recorded at 160.00 INR.
The company’s market capitalization currently stands at 147.53 Crore INR. Data for the Price-to-Earnings (P/E) ratio and dividend yield is currently unavailable or reported as nil. Investors are closely monitoring the stock following its strong upward move and achievement of a new annual high.
Disclaimer: This article is based on publicly available stock market data as of the specified time and date. It is intended for informational purposes only and does not constitute financial advice. Investing in the stock market involves risks, and readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.
