Technocraft Industries hits record high; stock zooms 40% in 5 weeks

Last month, Technocraft had bought 1.5 million equity shares at a price of Rs 1,000 per share via buyback offer through tender route

Shares of Technocraft Industries hit a record high of Rs 1,271, as they rallied 8 per cent on the BSE in Wednesday's intra-day trade, in an otherwise subdued market.

At 01:40 PM, the stock of the iron & steel company was up 5.5 per cent, as compared to 0.10 per cent decline in the S&P BSE Sensex. In the past five weeks, it has zoomed 40 per cent from a level of Rs 909 on February 7, 2023. Moreover, in the past three months, it has rallied 37 per cent, as compared to 6 per cent decline in the