20% Upper Circuit: Stock Skyrockets After Reporting 470% YoY Increase in Net Profit
India, Aug. 5 -- The shares of a Small-cap company that specializes in manufacturing high-precision engineered components, turned and machined metal parts, and complex assemblies for safety-critical global applications are in focus after rallying 20 percent in the day's trade following its Q1 results.
With a market capitalization of Rs. 9,031.95 crores in the day's trade, the shares of Omnitech Engineering Ltd hit a 20 percent upper circuit, reaching a high of Rs. 730.35 per share compared to its previous closing price of Rs. 608.65 per share.
What Happened
Omnitech Engineering Ltd, engaged in manufacturing high-precision engineered components, turned parts, and sub-assemblies are in focus following their Q1 results as follows.
Revenue...
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