New Delhi, Sept. 26 -- EFC (I) Limited, a small-cap stock partly owned by Forbes EMF, surged about 3 percent intraday to Rs.316 on the BSE on September 26, 2025, outperforming the broader markets as Sensex and Nifty slipped over half a percent each. The jump came after the company announced that it secured a new Passport Seva Kendra (PSK) project at Pashan, Pune under its existing rate contract.

The company stated in a press release, "EFC is pleased to announce that it has been awarded another general work contract under its ongoing Rate Contract for Passport Seva Kendras. The new assignment at Pashan, Pune strengthens EFC's portfolio of mission-critical infrastructure projects across India. This builds on our successful execution of the...