New Delhi, Aug. 22 -- Despite the Indian stock market coming under pressure in Friday's trading session, shares of Izmo, which provides solutions for the automotive e-retail sector in North America, Europe, and Asia, continued their winning run, locking in another 20% upper circuit to hit a fresh all-time high of Rs.587.55 apiece. This marked the second consecutive 20% upper circuit, taking the stock's five-day cumulative gain to 53%.

The surge in demand on Dalal Street follows multiple positive developments that have attracted investor interest. On Thursday, the company announced that izmomicro, a specialized division of IZMO, had developed a high-density silicon photonics packaging platform capable of supporting 32-channel fiber input ...