New Delhi, Feb. 4 -- Multibagger stock Shanti Educational Initiatives rallied as much as 10% to Rs.162.60 on Wednesday, amid strength in the Indian stock market and higher-than-usual volumes.

According to data from BSE, 6.30 lakh shares of Shanti Educational Initiatives changed hands today, higher than the two-week average of 5.11 lakh shares.

Meanwhile, the Indian stock market pared earlier losses, as the BSE Sensex recovered almost 700 points from the day's low and ended in the green, up 79 points or 0.9%. There was no other fundamental trigger behind the rise in the multibagger stock today.

Shanti Educational Initiatives' share price opened unchanged at Rs.147.85 apiece on Wednesday, and soon touched the 10% upper price band of Rs.1...