Over 45 BSE small-cap stocks surge between 15-50% even as market ends week flat
₹3,300 crore in the company by subscribing to preferential shares. Also Read: Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday In a regulatory filing on January 2, Alok Industries said it has allotted preference shares to RIL upon receipt of subscription money of ₹3,300 crore. The company’s board in November approved the issue of preference shares to Reliance Industries at a dividend rate of 9% on a private placement basis.
These preference shares will be redeemable at par at any time at the company’s option within a period not exceeding 20 years from the date of allotment, according to the company. Also Read: IREDA corrects after gaining over 100% since listing; what should investors do? Sun Pharma Advanced Research Company also experienced a significant rally, delivering a return of 46.6% last week. During Friday's trading session, the shares surged by 9.26% to ₹420.55 apiece and currently hover near their February 2018 highs of ₹490.
Another notable small-cap stock making waves in the market last week was Inox Green Energy Services, recording a robust return of 36.3%. On January 4, the shares reached an all-time high of ₹149.65 apiece. Having made its debut on Indian stock exchanges in November 2022, the company's shares are trading at a substantial 120.4% premium over their issue price of ₹65.
Reliance Power continued its upward trajectory, registering a new 52-week high of ₹33 per share in Friday's trade, with an 8.55% gain. Over the past week, the stock has soared by 34.76%. In CY23, it delivered a remarkable return of 62.3%, climbing from ₹14.45 to ₹23.30.
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