Arihant Capital Markets jumped on Monday after its board of directors approved investment in new wholly owned subsidiary, Arihant Housing Finance Corporation.

Shares of the company are trading at Rs 19.48, up Rs 2.33, or 13.59% at the Bombay Stock Exchange (BSE) on Monday at 12:31 p.m.

The scrip has touched an intra-day high of Rs 19.48 and low of Rs 17.50. The total volume of shares traded at the BSE is 1,270.

In the earlier session, the shares lost 2.28%, or Rs 0.4, at Rs 17.15. Currently, the stock is trading down 19.5% from its 52-week high of Rs 24.20 and above 69.24% over the 52-week low of Rs 11.51.