Axiscades' stock price up by more than 70% in the past 11 days

3 Nov 2022 , 09:47 AM

Axiscades Technologies’ stock price continued to rise on Wednesday as it reached a 10% upper circuit resistance level of Rs282.95 per share. In contrast, the S&P BSE Sensex was down 0.5% at 60,831 points at 1:47 PM on Wednesday. The price of this company’s stock has increased 73% over the last 11 trading days from its October 17, 2022 low of Rs163.30 a share. The stock increased 117% in three months compared to the S&P BSE Sensex’s 5% growth. The stock reached its best price since June 2016.

On October 25, Axiscades Technologies provided clarification regarding the price movement and stated that the business is not aware of any information or announcement (including forthcoming announcement) that could have an impact on the price/volume behaviour of the scrip. “In addition, we are unaware of the cause of the recent fluctuation in the price of our shares. The market is driving the change in share price and volume, the company claimed.

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