Bengaluru, Dec. 19 -- The shares of this company, which manufactures and supplies environment-friendly metallic flexible flow solution products, had its shares in momentum after the company announced capex through the issue of preferential shares, which will be used in liquid cooling skids and robotic welding lines.

With the market cap of Rs 2,560 crore, the shares of Aeroflex Industries Ltd had hit their intraday high at Rs 200, gaining about 13 per cent compared to their previous day's closing price of Rs 177.05. The shares are trading at a PE of 52.9, whereas their industry PE is at 20.6.

About the Capex and preferential issue

Aeroflex Industries has laid out a Rs 97.56 crore investment plan that clearly signals where the company wa...