New Delhi, March 3 -- Small-cap stock below Rs.10, Steel Exchange India, gained as much as 8% in intraday trade on Monday, March 3, following an update on stock pledge regarding its promoter Vizag Profiles Private Limited.

In an exchange filing on March 1, the promoter informed that it released a pledge on 50,00,000 shares, representing 0.42% of the total share capital, on February 27 encumbered in favour of Capri Global Capital Limited following part payment of principal loan taken by the promoter or promoter group.

Additionally, it pledged the released shares in favour of Mukund Security and Investment as security against the loan taken by the promoter and promoter group.

At the end of the December 2024 quarter, the promoters of the ...