Power Mech up 4% in a weak mkt; soars 54% in 1-mnth on strong order book

In the past three months, the stock soared 133 per cent, as against 7 per cent rise in the Sensex.

Shares of Power Mech Projects gained 4 per cent to hit a new high of Rs 2,089.45 in Friday’s intra-day trade, in an otherwise weak market. The stock quoted higher for fifth straight trading days as shares surged 21 per cent during the period. In comparison, the S&P BSE Sensex was down 0.41 per cent at 57,984 points at 12:32 PM.

In the past one month, the stock zoomed 54 per cent, on the back of strong order book position and clear visibility for the future. Moreover, in the past three months, it soared 133 per cent, as against