As market fell from peak, these 29 smallcaps defied gravity to deliver up to 118% return
Around 29 stocks in the smallcap space gained 25% or more at a time when the BSE smallcap index has fallen nearly 14% from its peak. JSW Holdings saw a multibagger surge of 118%, followed by Nalwa Sons Investments, whose shares rallied 70% during this period.
Some other stocks which shined in the downtrend include Raghav Productivity, Siyaram Silk Mills, Timex Group, Indo Tech Transformers, Pix Transmission, Precision Camshafts, WPIL, Innova Captab, Ganesh Housing Corp, Avalon Technologies, Ganesha Ecosphere, SJS Enterprises and Neuland Labs.
The broader market correction has been influenced by global economic uncertainties, inflationary pressures, and geopolitical tensions, leading to cautious investor sentiment
Analysts said the second quarter results were also weak in the smallcap space with net profit down by 27-30% and management commentary was soft.
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