Screaming Buy! 400 midcap & smallcap stocks give double-digit returns in June

economictimes.indiatimes.com:

However, the midcap and smallcap segments continued to hog the limelight, with about 400 stocks giving double-digit returns in the month of June. The benchmark indices gave nearly 3% returns in June, following 2.5% gains in May. In four months, indices have gained nearly 10%.

On Friday, Nifty50 hit a record high at 19,201.70 points and Sensex at 64,768.58 points. Of the 355 smallcap stocks that gave double-digit returns, atleast 42 stocks are in the automobile and auto ancillary sector, 33 stocks from the healthcare sector, and 30 stocks belong to the capital goods sector. Strong demand for automobiles continued to drive interest in the ancillary space as well.

Jay Bharat Maruti was the best-performing stock, giving a whopping 92% returns in June. Jupiter Wagons, Steel Strips Wheels, Rane Brake Lining, Rico Auto Industries, Rolex Rings, and Force Motors were the other big movers, gaining 20-59% in the last month. The information technology sector also witnessed a smart rebound, with as many as 27 smallcap stocks giving double-digit returns.

Cyient, Ramco Systems, RateGain Travel Technologies, Route Mobile, Intellect Design Arena, and Infibeam Avenues were some of the prominent names. Healthcare was another sector that saw strong buying interest. Wockhardt, Sequent Scientific, Strides Pharma Science, Jubilant Pharmova, Shilpa Medicare, Morepen Laboratories, and Narayana Hrudayalaya were some of the big movers in the sector, as they gained 15-39%.What should investors do?Even after four months of strong run, the overall outlook for markets remains bullish, but some market experts don’t rule out bouts of profit booking.