Aeroflex Industries shares surge 14% - What's behind the stock rally? What's next for the stock?
New Delhi, Oct. 29 -- Aeroflex Industries shares surged 14% in morning trade on the BSE on Thursday, 29 October, with a strong 8-fold jump in volume. Aeroflex Industries share price opened at Rs.533.30 against its previous close of Rs.491.65 and jumped 13.7% to an intraday high of Rs.559, looking set to extend gains for the third consecutive session.
The stock witnessed strong buying interest on Thursday, a day after reporting its September quarter (Q2FY27) results.
In an exchange filing on 28 October, the company said its consolidated revenue from operations for the September quarter surged 87% year-on-year (YoY) to Rs.207.36 crore. In the same quarter last year, the company's revenue was Rs.110.87 crore.
Net profit jumped 157% YoY to...
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