Bengaluru, Feb. 17 -- Recently listed microcap stock engaged in manufacturing of high-grade plastic pipes hit a 5% upper circuit on Monday after announcing expansion of its operations, installation of state-of-the-art production machinery, and launch of new products.

Stock Price Movement

The shares of Malpani Pipes & Fittings Ltd, with a market capitalisation of Rs 71.13 Crores, hit a 5% upper circuit at Rs 68.93 per share in today's trade.

What Happened

As per a press release dated February 17, 2025, Malpani Pipes & Fittings Ltd, announced the expansion of its operations with the introduction of a new line of PVC pipes and the installation of state-of-the-art production machinery for existing products.The company has invested Rs. 3.8...