New Delhi, Oct. 7 -- Asset Reconstruction Company's share price surged 10% to hit its upper circuit as well as its record high on the BSE in intraday trade on Wednesday, 7 October, in an otherwise weak stock market. Asset Reconstruction Company shares opened at Rs.149 against their previous close of Rs.145.70 and jumped 10% to their upper price band and all-time high of Rs.160.25. Meanwhile, equity benchmark Sensex declined by 0.75% during the session.

While the stock has been rising for three consecutive sessions now, Wednesday's rise in the stock can be attributed to a 54% year-on-year (YoY) rise in its consolidated profit for the June quarter of the financial year 2027 (Q1FY27).

In an exchange filing on 6 October, the company said it...