Bengaluru, April 22 -- A micro-cap stock hit the 5% upper circuit limit after securing approval from Government of Punjab's Department of Industries & Commerce for a new manufacturing unit under the government's 'Make in India' initiative. This move is expected to strengthen the company's production capabilities and contribute to the growth of domestic manufacturing.

Price Movement

During Tuesday's trading session, share price of Nureca Ltd reached an intraday high of Rs.259.80 per share, hitting 5 percent upper circuit from the previous close of Rs.247.45 per share. The shares have retreated since then and currently trading at Rs.250.00 apiece. Over the past month, the stock has delivered over 10 percent returns.

What Happened

Nureca...