Apar Industries hits new high; zooms 53% in 3 weeks on strong Q4 results

The stock hit a record high of Rs 935, surging 8 per cent on the BSE in Wednesday's intra-day trade

Shares of Apar Industries hit a record high of Rs 935, surging 8 per cent on the BSE in Wednesday’s intra-day trade, on expectation of strong earnings growth during current fiscal 2022-23 (FY23). The stock has soared 23 per cent in the past two days, in an otherwise a subdued market. In comparison, the S&P BSE Sensex was down 0.18 per cent at 52,598 points at 11:03 AM.

In the past two weeks, the stock of the electrical equipment company has zoomed 53 per cent after it reported healthy earnings for the quarter ended March 2022 (Q4FY22).

For