New Delhi, Aug. 26 -- Osia Hyper Retail share price surged as much as 5 per cent to Rs.15.88 apiece in Monday's trading session. On August 26, the small-cap stock hit upper circuit for seventh session straight.

The small-cap stock has remained volatile in the near-term. The stock gained nearly 21.41 per cent in past five trading sessions, however, descended over 39 per cent in six months.

On August 23, the company announced that the board has approved raising the authorised share capital to Rs.500,00,00,000 and the issuance of equity shares via QIP, preferential allotment, and convertible warrants.

"Increase the Authorized share capital of the Company to Rs.500,00,00,000/- (Five Hundred Crores Only) subject to the receipt of approval o...