Stock of this defence company has zoomed 87% over its issue price

Shares of Data Patterns hit a record high of Rs 1,093.50 as the stock rallied nearly 15 per cent on the BSE in Monday's intra-day trade on heavy volumes

Shares of Data Patterns (India) hit a record high of Rs 1,093.50 on the BSE in Monday’s intra-day trade as the stock rallied nearly 15 per cent on heavy volumes. The stock was quoting higher for the fifth straight trading day having surged 30 per cent during this time.

At 12:26 pm; it was up 13 per cent as compared to a 1.3 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped an over five-fold with a combined 1.3 million equity shares having changed hands on the NSE and BSE.

With a sharp