New Delhi, Sept. 23 -- Small-cap stock Rays of Belief hit new record high of Rs.239 in Wednesday's trading session, extending its upward rally for fourth session straight.

Rays of Belief share price opened at Rs.228.85 apiece on NSE today, as compared to previous close of Rs.228.33 on Tuesday. The market capitalisation of Rays of Belief stock stood at Rs.489.08 crore on Wednesday.

In an exchange filing dated 21 September, the company said that Rays of Belief, which operates primarily under the Mom's Belief brand, has acquired a 100% stake in City Pro Group Inc. (CPG) through its wholly owned subsidiary, Mom's Belief US Inc. Following the acquisition, CPG has become a step-down wholly owned subsidiary of Rays of Belief Limited, effective...