Shares of Azad Engineering skyrocketed 14.29 per cent at Rs 1,669.95 per share on the BSE
The rally in microcap stocks, according to Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, has been on the back of growth in earnings in a lot of these companies
The rise in the share price came after the company announced that it has secured an order for 5 years from Siemens Energy Global GmbH & Co. KG, Germany