This automobile stock has zoomed 77% in three weeks; nears decade high

Hindustan Motors was locked at 5% upper circuit at Rs 17.35 after 11.68 million equity shares changed hands till 10:15 am

Shares of Hindustan Motors were locked at 5 per cent upper circuit at Rs 17.35 on the BSE on Thursday, on the back of heavy volumes. Till 10:15 am; around 11.68 million equity shares, representing 5.6 per cent of total equity, had changed hands on the NSE and BSE.

The stock traded close to its 52-week high of Rs 18.20 that it had touched on October 19, 2021. It also traded at its highest level since August 2011. In the past three weeks, the stock has zoomed 77 per cent from Rs 9.83 on May 12, 2022. In comparison,