Monday, December 23, 2024

Small-cap stock below ₹100 hits 52-week high after bulk deals; soars almost 240% YTD

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Small-cap stock: Arnold Holdings shares surged over 4 per cent in early Tuesday trading, reaching a fresh 52-week high of 74.70 on the BSE, following a flurry of bulk deals the previous day. However, the momentum quickly faded, with the stock erasing all gains and slipping into the red. Arnold Holdings share price opened at 72 against its previous close of 71.70 and jumped 4.2 per cent to hit its 52-week high of 74.70. The stock, however, soon erased all gains and dropped as much as 6.3 per cent to the level of 67.20. Subsequently, paring losses, the stock traded 0.28 per cent lower at 71.50 apiece around 11:50 am.

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