Up 118% from 52-week low, Rolex Rings hits year-high! Is the small-cap stock still a good buy? Check target, rationale

Rolex Rings shares hit a 52-week high of ₹216.55 after strong quarterly results, including a 67.5% rise in net profit. InCred Equities initiated coverage with a Buy rating and ₹251 target, citing recovering export demand, European opportunities and stronger domestic sales.