India, Dec. 29 -- Shares of one of the leading quartz processors and India's largest producer & exporter of black galaxy granite and absolute black granite, surged nearly 9 percent to hit a new 52-week high at Rs. 1,834.9 on NSE. Brokerage firm Motilal Oswal sees a potential upside of over 48 percent, on the back of strong core, strategic diversification and superior profitability.

With a market cap of Rs. 6,461 crores, shares of Midwest Limited closed in the green at Rs. 1,786.65 on BSE, up by around 6 percent, compared to its previous closing price of Rs. 1,685.5.

The Rs. 451-crore Midwest IPO made a decent debut on Friday, 24th October, listing at Rs. 1,165 per share on both the NSE and BSE - a 9.4 percent premium over the IPO issue ...