New Delhi, June 5 -- Small-cap stock Som Distilleries and Breweries surged nearly 10% in intra-day trade on Thursday, June 5, after promoter Deepak Arora raised his stake in the company by purchasing stock via the open market. An increase in promoter holding is generally viewed as a positive signal, as it reflects the promoters' confidence in the company's future prospects.

According to a filing shared by the company, Arora lapped up 20,000 shares of Som Distilleries and Breweries, representing a 0.0096% stake, taking the overall promoter holding in the company to 39.3619%. His individual stake in the company rose to 2.16% from 2.15% earlier.

The stake acquisition news by Arora comes at a time when many promoters are large investors are...