Stock of this IT enabled services company has zoomed 73% in 11 trading days

Shares of Axiscades Technologies continued their northward movement as they froze 10 per cent upper circuit at Rs 282.95 per share in Wednesday’s intra-day trade. In comparison, the S&P BSE Sensex was down 0.5 per cent at 60,831 points at 1:47 pm.

In the past 11 trading days, the stock of this IT enabled services company zoomed 73 per cent from Rs 163.30 apiece, which it had touched on October 17, 2022. The stock rallied 117 per cent in three months, as against 5 per cent rise in the S&P BSE Sensex. The stock traded at its highest level since June 2016.

Clarifying about the price movement, Axiscades Technologies on October 25, said that the company is not aware of any information or announcement (including impending announcement), which can impact price/volume behaviour of the scrip.