Bengaluru, June 5 -- This Small-Cap Stock, engaged in providing digital payment solutions, e-commerce software platforms, lending services, and payment gateway infrastructure for businesses across India and international markets, jumped 3.64 percent after receiving approval from the UAE Central Bank for a Retail Payment Services License.

With a market capitalization of Rs. 4,932.36 crores, the share of AvenuesAI Limited has reached an intraday high of Rs. 14.51 per equity share, rising nearly 3.64 percent from its previous day's close price of Rs. 14. Since then, the stock has retreated and is currently trading at Rs. 14.14 per equity share.

Reason Behind the Surge

AvenuesAI Limited has informed the stock exchanges that its step-down s...