The stock gave multibagger returns of over 1,000 per cent in 3 years with a PE of 19x and an ROE of 41 per cent.

The company has a market cap of over Rs 500 crore and reported excellent numbers in its quarterly results and annual results.

Earlier, ABB and SMS group are partnering to supply powertrain solutions for ArcelorMittal Nippon Steel's new hot strip mill in India. The project will increase Hazira's production capacity by around 5.5 million tons per year.

About 1,777 shares have advanced, 1,857 have declined and 147 were unchanged on BSE.

For the week, the market experienced its most substantial weekly decline in seven months, breaking a three-week streak of gains

The company has delivered an 82 per cent profit growth on a YoY basis in Q1FY24.

The corporation presented excellent figures in its quarterly results and annual results. The net sales increased by 183 per cent to Rs 0.17 crore and net profit increased by 3,850 per cent to Rs 0.79 crore in Q1FY24 compared to Q1FY23. The company reported net sales of Rs 0.25 crore and a net profit of Rs 0.08 crore in FY23.

The shares of the company have a PE of 27.3x, an ROE of 17.3 per cent and an ROCE of 19.7 per cent.

Shares of the company have gained about 30 per cent in the last six months.