The shares of Aartech Solonics, a stock listed on the BSE SME exchange hit the 10% upper circuit on Wednesday’s early trades. Its shares were locked at ₹ 81.45 apiece
Aartech Solonics is a small-cap company that manufactures electrical machinery and apparatus N.E.C. It is a system solution-oriented R&D enterprise in the field of specialized and selected energy appliances.
The company informed the Bombay Stock Exchange (BSE) that it will be holding a meeting of the Board of Directors on Wednesday, January 11, 2023, at 12:00 PM at its registered office to consider and approve the migration of the company from the BSE SME platform to the Main Board of BSE and the National Stock Exchange of India (NSE).
In addition, it said that it will consider and approve the appointment of a scrutinizer for conducting a postal ballot and scrutiny of Postal Ballot voting along with E-Voting results for migration.
Aartech Solutions has given multibagger returns of 271.92%, as its share price increased from ₹ 21.90 to ₹ 81.45 apiece. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares six months ago, the value of their holdings would have been ₹ 3.72 lakhs today!
Written by Simran Bafna
