New Delhi, Dec. 30 -- A small-cap power stock, KPI Green Energy, surged more than 14% in intraday trade on the BSE on Tuesday, December 30, defying weak market sentiment. KPI Green Energy share price opened at Rs.404.05 against its previous close of Rs.404 and jumped as much as 14.4% to an intraday high of Rs.462. Around 11:20 am, the small-cap stock was 13.69% up at Rs.459.30, looking set to snap its two-day losing run. Equity benchmark Sensex was 57 points down at 84,639 at that time.

KPI Green shares have been under pressure this year, falling about 17% compared to an 8% rise in the Sensex, according to the BSE data. On a monthly scale, it is up 6% in December so far after suffering a loss of 19% in November.

On a longer timeframe of...