New Delhi, Nov. 10 -- Ashnisha Industries, a small-cap stock, has been making significant strides in recent weeks on Dalal Street, climbing to levels not seen in months and handsomely rewarding shareholders who had been hoping for a strong rebound after a prolonged period of underperformance.

Extending its winning streak to the sixth straight session, the stock rallied another 16.16% in Monday's trading session, November 10, to Rs.4.60 apiece, resulting in a cumulative gain of 51%.

To be precise, the stock began its bull run at the start of October and managed to sustain higher levels even amid heightened volatility in the broader market, surging by a massive 63% from Rs.2.82 apiece.

Though there is no fundamental factor that triggered...