New Delhi, March 12 -- Small-cap stock under Rs.50 Bhatia Communications and retail (India) jumped 6% in intra-day deals on BSE despite overall broader weakness in Dalal Street.

The Sensex lost over 1000 points in early deals while the Nifty shed over 1% following weakness in global peers as crude oil prices reclaimed $100-mark amid the ongoing Us-Iran war. However, the benchmark indices later pared some gains, but remained firmly in the red.

The rise in the SME stock comes on the back of promoters raising stake in the company.

Promoters of Bhatia Communications & Retail (India) Limited have increased their shareholding in the company following the conversion of warrants into equity shares through a preferential allotment, according to...