DOMS Industries’ share price soared over 5% to a record high of ₹2,367.50 a share on the BSE on Monday after Axis Securities initiated coverage with a positive view. DOMS Industries shares have rallied for the seventh day in a row, with the company rising more than 10% in a week.
With an 18% increase from Friday’s closing price, Axis Securities has given DOMS Industries shares a “Buy” rating and a price target of ₹2,670 per share.
“Our confidence in DOMS’ promising future is grounded in the company’s robust and consistent performance over the past several quarters,” Axis Securities stated in a report.
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