India, April 13 -- This Micro-Cap Stock, engaged in hospitality, sports, and leisure services, offering club facilities, events, wellness, and expanding into real estate development projects in Mumbai, jumped 8.43 percent after receiving a Letter of Intent (LOI) for a Mumbai residential project worth Rs. 600 crore.

With a market capitalization of Rs. 312.39 crores, the share of Emerald Leisures Limited has reached an intraday high of Rs. 209.00 per equity share, rising nearly 8.43 percent from its previous day's close price of Rs. 192.75. Since then, the stock has retreated and is currently trading at Rs. 208.00 per equity share.

Reason Behind the Surge: Emerald Leisures Limited has received a Letter of Intent (LOI) for the development ...