The stock, which opened the day on a robust note, carried the momentum throughout and settled at Rs 542.50, hitting the upper circuit limit of 10 per cent on the BSE.
On the NSE, the scrip ended at Rs 543.65, up 10.01 per cent from its previous close in the wake of the government unveiling a draft Bill to tighten regulation of the micro finance sector.
It ignored the weakness in the broader market, with both the Sensex and Nifty ending the day in the negative zone.
The BSE 30-stock index, Sensex settled 136.65 points down at 18,721.39, while the NSE's 50-share Nifty ended 44.55 points lower at 5,616.10.
The government on Wednesday released the draft Micro Financial Sector (Development and Regulation) Bill, 2011, which seeks to make it mandatory for all micro finance institutions to be registered with the Reserve Bank of India, making it the sectoral regulator.
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