At the current price, the stock is 100% higher than its IPO price of ₹108, although the stock still trades below its post-listing high of ₹272.
The stock is trading with strong volumes for the second straight session. Thursday’s session saw the stock trade 7 crore shares, a record in the company’s trading history. On Friday, as of 10:30 AM, close to 3.5 crore shares have already changed hands in the stock.
According to CNBC-TV18’s exclusive research, the volumes on Aeroflex were higher due to Algo traders and their trades. You can read this exclusive research on CNBC-TV18 Access, here.
On the charts, the stock now trades above all of its key moving averages, be it the 50, 100 or 200-Day Moving Average (DMA). Its relative strength index has also crossed 81, meaning the stock is in “overbought” territory. An RSI reading above 70 indicates the stock is “overbought.”
Only one analyst has coverage on Aeroflex Industries. The analyst from ICICI Direct has a price target of ₹235 for the stock.
Shares of Aeroflex Industries are currently trading 7.5% higher on Friday at ₹209.22. With this three-day move, the stock has reversed all of its losses for 2025 and turned positive on a year-to-date basis.
