The shares of a small company, Concord Control Systems Limited, have risen like a rocket. Shares of Concord Control Systems have increased from Rs 55 to Rs 1800 in the last 2 years. The IPO of the company was opened on 27 September 2022 and it remained open till 29 September. The share price of the company in IPO was Rs 55. Shares of Concord Control Systems closed at Rs 1886 on October 4, 2024. The company’s shares have jumped 3330% compared to the issue price of Rs 55.
Company’s shares jumped 175% in 6 months
Shares of Concord Control Systems Limited have increased by more than 175% in the last 6 months. The company’s shares were at Rs 684 on April 4, 2024. Shares of Concord Control Systems closed at Rs 1886 on October 4, 2024. Shares of Concord Control Systems have risen 115% so far this year. The 52 week high level of the company’s shares is Rs 2062.05. At the same time, the 52-week low level of the company’s shares is Rs 538.
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Company’s shares rose 215% in one year
Shares of Concord Control Systems Limited have jumped 215% in the last one year. The company’s shares were at Rs 598 on October 4, 2023. The shares of the company have reached Rs 1886 on 4 October 2024. The company’s shares were listed in the market on October 10, 2022 at Rs 109.95 with a premium of almost 100%. The shares of the company closed at Rs 115.40 on the day of listing.
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what does the company do
Concord Control Systems Limited was established in the year 2011. The company manufactures and supplies coach-related and electrification products for Indian Railways and other railway contractors. The company manufactures products required for railway coaches. The company manufactures products like emergency lighting systems, brushless DC carriage fans, cable jackets, exhaust fans. The company’s IPO was subscribed a total of 202.41 times. The quota of retail investors in the company’s IPO was subscribed 424.26 times. At the same time, the quota of non-institutional investors was subscribed 307.40 times.
