Stock of this industrial machinery company has zoomed 51% in three days

In the past five weeks, the stock has rallied 108% after HNIs and renowned fund managers Madhusudan Kela and Sunil Singhania bought a stake in Dynamatic Technologies

Shares of Dynamatic Technologies hit a 52-week high of Rs 3,447.85 after they rallied 20 per cent on the BSE in the intra-day trade on Monday, in an otherwise subdued market. The stock of the industrial machinery company was quoting higher for the third straight trading day, zooming 51 per cent during the period. In comparison, the S&P BSE Sensex was down 0.16 per cent at 58,213 points at 12:46 pm.

In the past five weeks, the market price of the company has more-than-doubled or has surged 108 per cent from the level of Rs 1,660 on August 9,