Gala Precision soars 35% in 3 days; zooms 180% over issue price in 4 months

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Gala Precision soars 35% in 3 days; zooms 180% over issue price in 4 months - Business Standard

Quick Summary:

Shares of Gala Precision Engineering hit a new high of Rs 1,480.80, surging 9 per cent on the BSE in Friday's intra-day trade, extending its past two days' rally.

The expansion of its manufacturing facilities and the introduction of new products will enable the company to capture additional market share in both domestic and international markets, the brokerage firm had said in the company's IPO note.

In three days, the market price of the industrial products company has soared 35 per cent.