New Delhi, April 9 -- Baazar Style Retail share price surged as much 5 per cent in Wednesday's trading session despite ace investor Rekha Jhunjhunwala reduced her stake holding in the small-cap stock.

Jhunjhunwala has trimmed her stake in the small-cap stock by 26 basis points during the March quarter, lowering it to 3.39 per cent from 3.65 per cent in the December quarter. Trendlyne revealed that the ace investor publicly holds 21 stocks, with a total net worth exceeding Rs.18,033 crore.

Baazar Style Retail share price has remained volatile since its listing in September last year. The stock has fallen over 23 per cent in past one year. However, the scrip has gained nearly 29 per cent in one month.

JM Financial has recently begun cove...