44 smallcaps see double-digit gain in rare consolidation week amid correction. Is it a sign of reversal?
Indian equity markets as well as global peers had to endure amped up tariff talk, during the week. by the US President Donald Trump during the week. The markets also priced in the impact of the Union Budget.
However, it was a rare week in the last three to four months, where the broader market held its ground to stay in positive territory. The BSE Smallcap Index rose 0.4%, similar to the gains eked out by benchmark Sensex.
About 44 stocks surged in double-digits during the week, while around 24 names saw double-digit cuts. Aarti Pharmalabs was the top gainer in the smallcap pack with nearly 27% return, followed by Godfrey Phillips (21%), Vimta Labs (20%), and Eris Lifesciences (20%).
About 40 stocks including Aegis Logistics, Cantabil Retail India, Onward Technologies, Butterfly Gandhimathi, Reliance Infrastructure, Gulf Oil Lubricants, Prataap Snacks among others have offered returns between 10-20% during the week.
In the midcap segment, four stocks including Castrol India, Abbott India, GlaxoSmithKline Pharma among others have risen in double digits. While Castrol gained 18%, Abbott and Glaxo were up 14% and 11%, respectively.
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