India, Oct. 5 -- The shares of this small cap company, majorly engaged in manufacturing of White Goods also offers Electronics Manufacturing Services, jumped over 12% after updating about the investment plans in Maharashtra.

With the market capitalization of Rs. 1,772 Crores, the shares of Virtuoso Optoelectronics Ltd reached an intraday high of Rs. 553.8 per share rising nearly 12 percent from its previous day close of Rs. 493 per share and is trading at a P/E of 101 whereas industry P/E stands at 46.

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The stock witnessed significant buying activity following the company making an important move that included a plan to invest in Maharashtra. This was achieved via a non-binding Memorandum of Understanding (MOU) made wi...