New Delhi, Aug. 12 -- Multibagger small-cap stock Mobavenue AI Tech surged 10% to hit its upper circuit in intraday trade on the BSE on Wednesday, 12 August, defying weak market sentiment. While equity benchmark Sensex crashed nearly 1% during the session, Mobavenue AI Tech share price jumped 10% to an intraday high of Rs.338.50 after the company reported a 95% year-on-year (YoY) jump in its profit after tax (PAT) for Q1FY27.

Mobavenue AI Tech in an exchange filing on 12 August said its Q1FY27 PAT jumped 95% YoY to Rs.11.7 crore, while revenue from operations rose by 57% YoY to Rs.72.8 crore.

PAT margin increased by 320 bps YoY to 16.1%.

EBITDA for the quarter stood at Rs.15.4 crore, up 77% YoY, while EBITDA margin increased by 240 bps...