Ashish Kacholia-backed smallcap stock jumps 18% on heavy trade volumes. Do you own?
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Capacity expansion, new products add to backdrop
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Shares of Aeroflex Industries climbed as much as 17.9% on Thursday to Rs 206.10 on the BSE, as heavy volumes and strong technical momentum powered a sharp rally in the smallcap stock backed by veteran investor Ashish Kacholia More than 571.96 lakh shares of the company changed hands on the NSE alone during the session, far above recent averages.As of the March 2025 quarter, Kacholia held a 1.92% stake in Aeroflex Industries, up from 1.8% in the December quarter.Over the past one month, the stock has rallied 21.2%, and it is up 17% just in the last week. In the last three months, the gain stands at nearly 19%, while the one-year return is 34.4%. However, over a six-month horizon, the stock remains down by 3.3%.The rally on Thursday was supported by strong technical indicators. Aeroflex Industries is currently trading above all eight of its key simple moving averages, from the 5-day to the 200-day, a signal of strength across short-term to long-term charts.The Relative Strength Index (RSI) is at 59.7, placing the stock in neutral territory and indicating that the current move is not yet overextended. Meanwhile, the Moving Average Convergence Divergence (MACD) remains positive at 0.9 and above both the center and signal lines, reinforcing bullish undertones.While Thursday's move appeared to be driven primarily by market action, recent developments have helped strengthen the company's fundamental narrative. In January 2025, Aeroflex began commercial production of a new product, Metal Bellows, with an annual capacity of 1,20,000 pieces.The company also expanded its manufacturing capacity from 15 million meters to 16.5 million meters a year, and doubled its Composite Hose production lines from three to six.With momentum picking up, and a prominent investor on board, Aeroflex Industries is firmly on the market's radar.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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