Small-cap Stock Reaches Near 52-Week High Amid Market Turmoil

Cash Ur Drive Defies Broader Market Slump, Edges Closer to 52-Week High

On Friday, 29 May, small-cap stock Cash Ur Drive witnessed strong buying action in intraday deals, defying the broader market slump as it edged closer to its 52-week high level touched nearly six months back. The company's share price rose to the day's high of ₹160.90 on the National Stock Exchange (NSE) today, up almost 3% from its last closing price.

With today's rise, the stock was within arm's reach of its 52-week high of ₹166.50 touched on 28 November last year. Meanwhile, it hit a 52-week low of ₹84.95 on 30 March but trades 89% above this level in just two months. The rise in the stock comes even as the broader market witnessed a massive selling pressure, especially towards the fag end of the trading session. Investors likely booked profit ahead of the weekend as they await details of the US-Iran peace deal.

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Losses swelled as index provider MSCI's May index rejig came into effect. While India enjoyed a surge in its weight in the MSCI EM index between 2020 and 2024, rising to about 20% in July 2024, it is expected to come down to 11.2% after the latest MSCI rebalancing, as per IIFL Capital, stated a Reuters report.

The Nifty 50 index fell 1.5% to 23,547.75, recording a monthly loss of nearly 2%. Cash Ur Drive shares reacted to the company's earnings announcement late last night, wherein it posted a sharp 94.50% year-on-year (YoY) jump in the standalone net profit for the financial year 2025-26 (FY26) to ₹29.40 crore.

Its revenue jumped 34% YoY to ₹187 crore and EBITDA recorded a 59% rise to ₹33.5 crore. Margins remained robust at 17.98%, up 285 basis points on a YoY basis.

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Cash Ur Drive shares listed on the NSE Emerge platform on 7 August 2025. In the near term, the stock performance is strong, as it jumped 12% in a month and 17% on a year-to-date basis. The SME stock settled at ₹156.65 today, up 0.32%.