New Delhi: Shares of smallcap company Salasar Techno Engineering have registered a jump of up to 10 percent in the stock market today. With this, its shares have touched a new 52-week high. On Friday, shares of Salasar Techno Engineering opened for trading at Rs 12.80, while the shares touched the day's high at Rs 14.26. Let us tell you that in the September 2024 quarter, foreign institutional investors had reduced their stake in this penny stock. At the same time, this stock has been continuously declining for the last one year.

Shares jumped 10 per cent on Friday

The total stake of promoters in Salasar Techno Engineering was 55 per cent till the September 2024 quarter, while it was 57 per cent in the June quarter 2024. Apart from this, foreign institutional investors have also reduced their stake in the September quarter. During this period, FII reduced its stake from 6.7% to 6.5%. At the same time, the public stake was 38.6% during this period.

Investors made 1100 percent profit in 5 years

Let us tell you that during the last one month, the shares of construction engineering company Salasar Techno Engineering have declined by 12.25%, while in a period of 6 months, there has been a loss of more than 27 percent. At the same time, its shares have registered an increase of about 3 percent during a year. Apart from this, investors have gained 1011 percent during five years. Talking about the market capitalization of this stock, it is Rs 2.40 thousand crores. At the same time, its profit to earning ratio (P / E) is 40.50.