Solar Stock: Shares of integrated solar energy solutions provider GP Eco Solutions India soared nine per cent in intraday trade on Tuesday despite volatility in the key domestic equity indices, as crude prices inched up due to the US-Iran peace talks seeing no progress.
The small-cap stock started the session in positive territory at Rs 449.95, gaining Rs 6.85 or 1.5 per cent against the last closing of Rs 443.10 on the National Stock Exchange (NSE). The scrip escalated the gaining momentum further to touch an intraday high of Rs 484.90, up 9 per cent as compared to the last day's closing.
Last seen, the stock was trading at Rs 480 with a gain of 36.90, and the market cap of the company stood at Rs 572.61 crore. Meanwhile, its 52-week low and high values stood at Rs 264.05 and 616.50, respectively. The company has a market cap of Rs 524 crore.
At the time of writing, the stock has a buying bid for 53,600 shares as compared to 35,400 selling bids.
Stock Market Today
Meanwhile, benchmark indices dragged into negative territory due to profit booking. Last seen, the 30-share BSE index was quoted at 76,026.83, down 462.13 points or 0.60 per cent. Meanwhile, NSE's Nifty50 was trading at 23,932.65, down 99.05 points or 0.41 per cent.
Earlier, in the morning trade, the indices were trading in positive territory.
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Share Price History
According to NSE data, the stock soared over 32 per cent in a week, and the company's shares corrected over 4 per cent this year to date.
The stock had already made a strong debut, closing at a massive premium of 304 per cent over the issue price of 94 per cent.
The small-cap company's stock was listed on the NSE Small and Medium Enterprises platform at Rs. 375, a gain of 298.94 per cent over the issue price.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.