Tempsens Instruments shares surge 17 per cent on Tuesday
The temperature-sensing solutions provider has seen its stock rally approximately 89 per cent from its IPO price in just over two months.
Tempsens Instruments shares rose 17 per cent on Tuesday, 3 November, according to Mint. The stock reached an intraday high of ₹635 on the BSE, representing a 111.66 per cent gain from its initial public offering (IPO) price of ₹300.
The company, which provides temperature-sensing and heating solutions, listed on 28 August 2026. Since then, the stock has gained around 89 per cent over its IPO price.
In the second quarter of FY27, the company reported consolidated revenue from operations of ₹136.31 crore, a 34 per cent year-on-year increase. Adjusted profit after tax (PAT) for the same quarter rose 18.5 per cent to ₹20.28 crore.
However, the EBITDA margin for the first half of FY27 contracted to 21.2 per cent from 25.2 per cent in the previous year. The company attributed this to higher operating costs from capacity expansion, international acquisitions, and employee benefit expenses, which rose 40.7 per cent year-on-year to ₹42.06 crore in H1 FY27.
Gaurav Arora, Head of Research at SAHI, said the stock is witnessing strong buying interest and has bounced from its support zone. He identified ₹600 as the next potential upside level for the stock.
