New Delhi, May 11 -- Shares of Magnus Steel & Infra were locked in the 5% upper circuit in Monday's trade on 11 May, hitting an intraday high of Rs.193 apiece and extending their winning streak to the sixth straight session, defying the broader market selloff.

The continued rally in the small-cap stock came after the company informed investors that it had been empanelled as an approved steel supplier for the upcoming automobile manufacturing projects of Tata Motors in Gujarat and Maharashtra, marking the company's formal entry into the automotive OEM infrastructure supply chain.

Under the engagement, the company will supply steel products, including HR plates, HR sheets, and channels of various thicknesses ranging from 5 mm to 40 mm, fo...