look news india
New Delhi: On Friday, the shares of 5 small cap companies have seen a strong rise. The shares of small cap companies Kirloskar, Ferrous Industries, MOIL Limited, Kines Technology, Kiri Industries and Indian Hume Pipe Company Limited rose up to 20 percent. The small cap index of the Bombay Stock Exchange rose 1.40 percent on Friday. The stocks of Kirloskar Ferrous Industries, MOIL and Indian Hume Pipe Company reached a new 52-week high on Friday.
Upper circuit imposed in shares of Kirloskar Ferrous and MOIL
Shares of Kirloskar Ferrous Industries and MOIL Limited remained in the upper circuit on Friday. There was an upper circuit of 20 percent in the shares of both the companies. Shares of Kirloskar Ferrous Industries closed at Rs 725.25, up 20 per cent. The company's shares closed at Rs 604.40 on Thursday. On Friday, the company's shares reached a new 52-week high. So the shares of MOIL Limited also closed at Rs 524.60 on Friday with a gain of 20 percent. The company's shares also reached a new high of 52 weeks.
Strong growth in Keynes, Kyrie Industries
Shares of Keynes Technology, Kyrie Industries and Indian Hume Pipe Company Limited also rose well on Friday. Shares of Keynes Technology closed at Rs 3090.45 with a gain of 19.98 per cent. Shares of Indian Hume Pipe Company Limited closed 17.61 per cent higher at Rs 322.30 on Friday, May 17. During intra-day trading, the company's shares touched a level of Rs 328.85 and made a new 52-week high. Shares of Indian Hume Pipe Company have a 52-week low of Rs 134.15.
