India, Oct. 26 -- This Small-Cap Jewellery Stock, engaged in designing, manufacturing, wholesaling, and exporting gold jewellery studded with cubic zirconia, diamonds, and other precious and semi-precious stones to domestic and international markets, jumped 2.05 percent after the company's board of directors approved a 1:1 bonus issue.

With a market capitalization of Rs. 2,574.79 crores, the share of Utssav CZ Gold Jewels Limited has reached an intraday high of Rs. 1,035 per equity share, rising nearly 2.05 percent from its previous day's closing price of Rs. 1,014.25. Since then, the stock has retreated and is currently trading at Rs. 1,030 per equity share.

Reason Behind the Surge Utssav CZ Gold Jewels Limited has approved a 1:1 bon...