Shares of power equipment major Apar Industries Ltd hit a record high on Monday after the firm reported its March 2023 quarter and fiscal earnings. Apar Industries stock zoomed 12.09% to Rs 3,296.4 on BSE today. The stock opened flat at Rs 2,940 today against the previous close of Rs 2940.80 on BSE. In terms of technicals, the relative strength index (RSI) of the stock stands at 68.2, signaling it's neither trading in overbought nor in oversold territory. Apar Industries shares have a beta of 0.9, indicating low volatility in a year. Apar Industries shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages.
Shares of Apar Industries Ltd have rallied 822% in the last three years. The mid cap stock, which closed at Rs 291 on April 3 rose to a record high of Rs 2,684 on the BSE today. An amount of Rs 1 lakh invested in the shares of Apar Industries three years ago would have turned into Rs 9.22 lakh today. In comparison, Sensex has risen 115.75 per cent during the period. The stock rose 3.39% to Rs 2,684 on BSE today. It has gained 15.88% in the last three sessions. The stock opened marginally higher at Rs 2603.80 today against the previous close of Rs 2596.05 on BSE.