56 out of 100 smallcap stocks giving double-digit weekly returns, hit fresh 52-week highs
Almost 100 companies in the smallcap segment gave double-digit returns of up to 41% in the week ended November 18, data analysed by ETMarkets showed.
While the benchmark Sensex clocked 1.4% gains on a week-on-week basis, the week was a volatile one, as the index fell in two out of the four trading sessions.
However, the S&P BSE Midcap and Smallcap indices have outperformed Sensex, gaining more than 2% and 3%, respectively.
Of the 100 best-performing smallcap stocks, about 56 of them scaled fresh 52-week highs in the week gone by.
AGS Transact Technologies was the top stock in the smallcap segment, giving over 41% returns to investors in the last week, and it also scaled fresh 52-week high on November 16. On a year-to-date basis, the stock has given about 46% returns.
Wockhardt in the pharmaceutical space grabbed investors’ attention, as the stock gave over 30% returns in the last
week and also hit fresh 52-week highs. On a year-to-date basis, the stock has given 46% returns, but in the last six months, it has rallied more than 88%.
Multibagger stock Titagarh Rail Systems remained on the shopping list of investors, and it gave handsome returns of over 23% in the week gone by.
So far in 2023, the stock has given a whopping 336% returns to investors.
Another multibagger stock to have been on investors’ radar was Suzlon Energy. News of the stock being added to the MSCI index pushed the stock to a 12-year high in the last week.
