Stock of this iron & steel company has zoomed over 1,000% since April

In the month of July, the stock price of Jai Balaji Industries more than doubled, zooming 106 per cent. Besides it has gained 74 per cent in August and 61 per cent in September.

Shares of Jai Balaji Industries continued their northward movement, hitting fresh multi-year high of Rs 523.95 on the BSE, as they gained 3 per cent in Thursday's intraday trade.

The stock of the smallcap iron & steel products company was quoting at its highest level since January 2008. It had hit a record high of Rs 670 on January 8, 2008. In comparison, the S&P BSE Sensex was down 0.05 per cent at 66,438 at 02:17 PM.

Currently, Jai Balaji Industries is trading under ‘T’ group segment. T group of shares are actively traded at stock exchanges like