Stock Market Today, May 22 -- Small-cap stock Timex Group surged 10% during the intraday trade on Thursday to hit its upper circuit limit. The stock scaled an all-time high level, even as the stock market crashed in today's session, with the BSE Sensex losing more than 1% of its value.

Timex Group share price opened at Rs.243.95 levels on the BSE on Thursday. At the time of opening, the small-cap stock was more than 1% higher than the previous day's closing price of Rs.240.20. Timex Group share price, however, gained during the morning trades to the intraday highs of Rs.264.20, thus hitting its 10% upper price band. This rally seems even more impressive amid a broader market weakness.

The small-cap multibagger stock that was trading clo...