India, March 12 -- A small-cap stock engaged in electronics manufacturing and telecom device distribution jumped after announcing a major smartphone manufacturing agreement for around 3 million smartphones in India through a new partnership, strengthening its role in domestic electronics production.

With a market cap of more than Rs 3,000 Cr, Optiemus Infracom Ltd saw its stock hit an intraday high of Rs 375, which is 8 percent higher than the previous close of Rs 347. The company stock has given a compounded return of 14 percent in the last three years.

What's the news? Optiemus Electronics Limited (OEL), a subsidiary of Optiemus Infracom, has partnered with Nxtquantum Shift Technologies' brand, Ai+ Smartphone, to manufacture smart dev...