India, Feb. 3 -- During Tuesday's trading session, shares of a company engaged in manufacturing and supplying metallic flexible flow solution products surged nearly 12 percent on the BSE, after the company announced allotting shares to a renowned investor, Ashish Kacholia, on a preferential basis.

With a market cap of Rs. 2,426 crores, shares of Aeroflex Industries Limited were trading in the green at Rs. 187.6 on BSE, up by around 9 percent, as against its previous closing price of Rs. 172.7. The stock has delivered negative returns of over 21 percent in one year, and has fallen by nearly 7 percent in the last one month.

News As per its latest regulatory filing, the Board of Aeroflex Industries Limited, at its meeting held on Tuesday, ...