Lokesh Machines Locked In Upper Circuit

Lokesh Machines Ltd.’s shares hit the 20 percent upper circuit on Tuesday, its biggest move since August 2013. Trading volumes are 31 times its 20-day moving average.

The company, which manufactures industrial machinery and machine tools, has a market capitalisation of Rs 170 crore.

The stock has risen 22 percent in the past month compared with a 1.5 percent advance on the S&P BSE Sensex Index.

Lokesh Machines trades at 69.4 times its trailing 12-month earnings per share, compared to 163 times for its peers, according to Bloomberg.