Bengaluru, May 14 -- This small-cap stock, engaged in manufacturing and supplying drip irrigation, sprinkler systems, filtration units, and fertilizer tanks, and offering technical support services, jumped 3 percent after the company reported March quarterly results with a 471 percent QOQ increase in net profit.

With a market capitalization of Rs. 1,321.44 crores, the share of R M Drip and Sprinklers Systems Limited has reached an intraday high of Rs. 529.80 per equity share, rising nearly 2.70 percent from its previous day's close price of Rs. 515.85. Since then, the stock has retreated and is currently trading at Rs. 529 per equity share.

Coming into the results of R M Drip and Sprinklers Systems Limited, the company's consolidated re...