Small-cap stock under ?20 skyrockets over 13% after Q1 results outcome

Stock Market Today: Hathway Cable & Datacom, a small-cap stock under ₹20, skyrocketed over 13% during the intraday trade on Wednesday, following the announcement of the company's Q1 results.

In Q1 FY26, the consolidated net profit for Hathway Cables saw a sharp 69% rise to ₹31.03 crore compared to ₹18.37 crore in the year-ago quarter. The strong jump in net profit during the April-June 2025 quarter was driven by a sharp improvement in the operating performance. The profit before tax stood at ₹40.28 crore during the April-June quarter of 2025, up nearly 60% compared to ₹25.29 crore in the April-June 2024 quarter.

The revenue from operations came in at ₹530.50 crore during the quarter under review, a 5.55% year-on-year (YoY) increase compared to ₹502.61 crore during the April-June 2024 quarter.

Hathway Cable & Datacom share price opened at ₹16.10 on the BSE on Wednesday, up 2% from the previous trading session's closing price of ₹15.77. The small-cap stock under ₹20 soon extended gains to intraday highs of ₹17.95, which meant an upside of 13.8% during the intraday trade on Wednesday.

Hathway Cable & Datacom share price had scaled a 52-week, or 1-year, high of ₹25.66 in July last year. However, the Hathway Cable & Datacom share price had seen a significant correction thereafter to 52-week or 1-year lows of ₹11.94 in April this year, following a sharp correction in the Indian Stock Markets amidst valuation concerns and global uncertainties, led by geopolitical tensions and also the tariff-related concerns.

However, the small-cap stock has rebounded well from the 52-week low.

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