BSE Information Technology: This Group B small-cap stock is skyrocketing on a bearish Monday!

The shares of the company are up by 19.99 per cent.

As the week started on a bearish note, the S&P BSE Information Technology is at 28,650.37, down by 79.12 points or 0.26 per cent. Amid this volatility, this computer hardware and equipment company is up by 19.99 per cent. 

D-Link India Ltd is a global leader in designing and developing networking and connectivity products for consumers, small businesses, medium to large-sized enterprises, and service providers. Its product portfolio has Wi-Fi routers, IP cameras, smart home devices, and other products in this domain. Meanwhile, its unified network solutions continue to integrate capabilities in switching, wireless, broadband, IP surveillance, and cloud-based network management. This Small-Cap is firmly committed to delivering high-quality, efficient, and reliable networking products, solutions, and services 

For the June quarter, the company reported net sales at Rs 295.64 crore, an increase of 81.73 per cent from Rs 162.69 crore reported in the same quarter the previous year. The net profit was at Rs 16.19 crore in the current quarter a surge of 90.03 per cent from Rs 8.52 crore reported in the same quarter the previous year. The EBITDA stood at Rs 23.01 crore in this quarter up 78.51 per cent from Rs 12.89 crore reported in the same quarter the previous year.   

Today, the share price has skyrocketed by19.99 per cent and the scrip is trading at Rs 165.35. The stock has a 52-week high of Rs 193.95 and a 52-week low of Rs 105.20.