A small-cap stock under ₹50 jumped almost 8 per cent in intraday trade on Tuesday, September 30, defying weak market sentiment. Sindhu Trade Links share price opened at ₹27 against its previous close of ₹27.14 and jumped 7.8 per cent to an intraday high of ₹29.25. However, the stock pared gains, as around 2:35 pm, the stock traded 3.17 per cent higher at ₹28, looking set to extend gains for the second consecutive session.
Sindhu Trade Links share price trend
The small-cap stock has been witnessing strong gains this year despite weakness in the Indian stock market.
Year-to-date, the stock has jumped 28 per cent, while over the last year, it has clocked a gain of 15 per cent.
On a monthly scale, the stock has surged 21 per cent in September so far, after a 15 per cent decline in August, when it snapped its five-month winning streak.
The stock hit a 52-week high of ₹39.25 on July 7 this year after hitting a 52-week low of ₹12.90 on March 12.
The company held its 33rd Annual General Meeting (AGM) on Thursday, September 25, via video conferencing.
Among the resolutions transacted at the AGM were:
1. Adoption of the annual financial statement of the company for the financial year ended 31st March, 2025.
2. Appointment of a director in place of Saurabh Sindhu, who retires by rotation and, being eligible, offers himself for re-appointment.
3. Appointment of a director in place of Usha Sindhu, who retires by rotation and, being eligible, offers herself for re-appointment.
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