Small-cap stock under ₹100 shows resilience against stock market sell off

Maiden Forgings shares rose nearly 0.60% to about Rs 94 on the NSE despite a broader market selloff triggered by rising crude oil prices amid US-Iran tensions. The company announced that its new manufacturing facility at Bhojpur became operational on July 18, 2026, completing the first phase of its plant consolidation programme. The upgraded facility is expected to deliver cost savings of around Rs 2.5 crore annually and strengthen the company's presence in defence and B2G segments serving clients such as HAL, NTPC and BHEL.