Stock of this SME electrical equipment maker has zoomed 500% in two months

Shares of RMC Switchgears were locked at the 5 per cent upper circuit at Rs 264.25, also its record high on the BSE on Friday at 10:05 AM. The stock of this electrical equipment company was frozen at the upper circuit for the 41st straight trading day. In past two months, the stock zoomed a whopping 500 per cent from a level of Rs 44, the BSE data shows.

RMC Switchgears is engaged in manufacturing of LT/HT Distribution Boxes and Panels, Junction Boxes, Feeder Pillars, other Power Distribution, Circuit Protection Switchgears, PVC designer UV Sheets & Acrylic Solid Surface products.