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This industrial machinery stock surged 50% in two months on strong results

The stock was up 4% to Rs 1,156 on Friday, extending its previous day's 5% gain, trading at its highest level since April 25, 2012.

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Shares of Kennametal India hit an over six-year high of Rs 1,156 apiece, rising 4% on Friday, and extending its 5% gain in the previous session on the BSE in an otherwise weak market. At 12:11 pm; the S&P BSE Sensex was trading at 35,597 levels. The benchmark index has slipped over 1% lower in the past two days. The stock was trading at its highest level since April 25, 2012. It was 8% away from its all-time high level of Rs 1,247 touched on April 17, 2012. In past two months, the stock of Kennametal India, engaged in industrial machinery business, has rallied ...