Stock of this SME company has zoomed over 100% in 5 days; hits new high

Advait Infratech said the company is not aware of the reason for the significant and sudden movement in the share price

Shares of Advait Infratech were locked at the 10-per cent upper circuit at Rs 411.10 on BSE on Monday, touching a new high since its market debut in September 2020. In the past five trading days, the stock has zoomed 109 per cent from a level of Rs 197. In comparison, the S&P BSE Sensex was down nearly 1 per cent during the period.

Advait Infratech said it is not aware of the reason for the sudden spurt in the stock price of the company and that the movement in the share price is purely market-driven.

"We are