Small-cap stock jumps 9% after stock market rebound
Stock market today: Despite volatiletrends in the Indian stock market today, the broad market is still attracting bulls' interest. The small-cap index is trading green by logging a nearly 0.50 percent gain against its Wednesday close whereas the mid-cap index is up by over 0.62 percent during Thursday deals. Among various small-cap stocks, Rushil Decor share is one of those small-cap stocks that has outperformed key benchmark indices.
Despite weak stock market trends in the early morning session, Rushil Decor share price today opened upside at ₹336.50 apiece and went on touch an intraday high of ₹365 per share levels on NSE, logging an intraday rise to the tune of 9 percent against its Wednesday close of ₹335.95 per share. The small-cap stock with a market cap of ₹963 crore is still trading close to its intraday high. The small-cap stock has been under sell-off heat after ushering in the new year 2024.
The small-cap stock has lost to the tune of 7 percent in YTD time, whereas in the last one month, it has lost a little over one percent. So, the small-cap stock is trying to come out of the base building mode. After remaining in ₹335 to ₹350 range for nearly one week, the small-cap stock finally managed to breach its upper range during Thursday deals and made an intraday high of ₹365 per share.
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