New Delhi, Oct. 1 -- While the broader markets remained extremely volatile in September, some small-cap stocks managed to weather the storm, with Mercury Trade Links being one of them, as its shares rallied sharply and ended a long bearish run.

The company's shares zoomed from Rs.6.40 apiece to Rs.12 apiece, resulting in an 87% surge in September. The rally also ended its eight-month losing streak, bringing relief to long-waiting shareholders hoping for the stock to regain strength.

Although the stock staged a strong comeback last month, it still has a long way to go, as it remains down 88% from its record high of Rs.105 apiece, recorded in December 2023. From its 52-week high of Rs.39 apiece, it is still lower by 69%.

The shares have ...