New Delhi, March 13 -- JK Lakshmi Cement share price rallied nearly 3% in early trade on Friday after the company announced two updates regarding an order win and acquisition. The small-cap stock gained as much as 2.9% to Rs.625.40 apiece on the BSE.

The surge in JK Lakshmi Cement share price comes amid sharp selling in the Indian stock market today. The benchmark Sensex and Nifty 50 are trading nearly a percent lower, extending losses from previous sessions, as surge in crude oil prices amid the ongoing US-Iran war in the Middle East continue to dent market sentiment.

JK Lakshmi Cement shared two updates on the stock exchanges. First regarding the company being declared as a preferred bidder for a project and second is regarding acquis...