89 smallcap stocks offer double-digit weekly returns as market shrugged off GDP concerns
economic growth rate, the markets maintained a positive bias throughout the week. Further, a positive turnaround from FIIs to India in expectation of a dovish monetary policy by RBI supported the sentiment.
During the week, as many as 89 smallcap stocks have delivered double-digit weekly returns with eight of them offering gaining over 25%.
Lincoln Pharma was the top gainer from the smallcap pack with nearly 46% returns, followed by EKI Energy Services (36%), Shivalik Rasayan (34%), and Goldiam International (32%).
About 11 stocks, including Om Infra, AGI Greenpac, HEG, Borosil Renewables, Axiscades Tech, Jindal Worldwide have offered returns between 20-30% during the week.
In the midcap segment, nine stocks, including IGL, PB Fintech and UCO Bank Energy have risen in double digits. While IGL has gained 17%, PB Fintech and Uco Bank were up 13% and 12%, respectively.
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