New Delhi, Sept. 23 -- Shares of small-cap stock Tuni Textile Mills, which has a market capitalisation of Rs.103 crore, have been hitting the upper circuit limit lately, defying the sharp volatility in the Indian stock market.

Extending the trend, the small-cap stock hit another 5% upper circuit in Wednesday's session, September 23, settling at Rs.1.66 apiece.

The rally came after the company announced that it had received three domestic purchase orders for the supply of woven shirting and finished fabrics as part of its regular textile business. The orders, received during September 2026, collectively cover approximately 1.975 million metres of fabric and have an aggregate base order value of around Rs.295.13 million to Rs.301.73 milli...