Top 5 gainers and losers in the midcap and smallcap segment during this week!

5paisa Research Team 14th December 2022 - 11:10 pm

List of top 5 gainers and losers in the midcap and smallcap segment for the week from July 29 to August 04, 2022.

With few hits and few misses, the quarterly results kept the D-Street abuzz during the week. Benchmark Indices S&P BSE Sensex closed for the week at 58,298.80 which was higher by 1.26% or 728 points while Nifty reclaimed the 17000 mark in the week and closed at 17,382 which was higher by 1.3% or 224 points.

The broader market also witnessed positive sentiment during the week with S&P BSE Midcap closing up by 1.7% at 24,458.22. The S&P BSE Smallcap also ended at 27,541.52 higher by 1.8% or 485 points.

Let us have a look at the top 5 gainers and losers in the Midcap space for this week:

Kansai Nerolac Paints Ltd.

24.85

Deepak Fertilisers And Petrochemicals Corporation Ltd.

18.22

PB Fintech Ltd.

17.37

Metro Brands Ltd.

15.06

IDFC First Bank Ltd.

14.65

The biggest gainer in the mid-cap segment for the week was Kansai Nerolac Paints Ltd. The shares of this leading paint company have delivered a weekly return of 24.85% from the levels of Rs 400.65 to Rs 500.20. The rally in stock price was on the back of strong quarterly results beating market expectations.Net sales grew by 46.24% to Rs 2051.37 crore as compared to the June quarter of FY22. The company reported EBITDA and Net Profit at Rs 255 crore and Rs 152 crore which were up by 33.87% and 36.51%, respectively YoY. Performance of the company sequentially saw exponential growth in PAT at 693% led by the revival of the industrial paint demand.

The top 5 losers from the Midcap segment for this week are as follows:

Brightcom Group Ltd.

-13.71

Angel One Ltd.

-8.13

Balrampur Chini Mills Ltd.

-7.64

Multi Commodity Exchange Of India Ltd.

-6.9

Triveni Engineering & Industries Ltd.

-6.77

 The laggards of the midcap segment were Brightcom Group Ltd (BCG). The shares of the company fell 13.71% from Rs 49.25 to Rs 42.50. Shares of this multibagger of CY2021 has taken a nosedive in the current year amid much volatility. YTD, the stock stands corrected by 59%, with a 52-week high and low at Rs 122.28 and Rs 16.35, respectively.

Let us move towards the top 5 gainers and losers in the Smallcap segment:

The top 5 gainers in the Smallcap segment for this week are as follows:

Subex Ltd.

51.9

Nazara Technologies Ltd.

30.76

SpiceJet Ltd.

22.58

Navneet Education Ltd.

20.78

Venky'S (India) Ltd.

18.69

 The top gainer in the Smallcap segment was Subex Ltd. Shares of software solution company Subex soared phenomenally to 51.9% for the week from the levels of Rs 26.30 to Rs 39.95 as a result of a partnership with Jio Platforms Ltd (JPL) to expand its 5G product line.

As per the collaboration, JPL will offer its Cloud Native 5G Core to telcos globally along with Subex’s HyperSense for enabling closed-loop network automation, product performance and customer experience analytics.

The top 5 losers in the Smallcap segment for this week are as follows: 

Neuland Laboratories Ltd.

-16.77

Lumax Auto Technologies Ltd.

-11.69

Shree Pushkar Chemicals & Fertilisers Ltd.

-10.64

Bhageria Industries Ltd.

-9.9

Gulshan Polyols Ltd.

-9.8

The losers of smallcap space were led by Neuland Laboratories Ltd. The shares of the company fell from Rs 1293.25 to Rs 1076.35 registering a loss of 16.77% in the stock price. The leading API manufacturer posted its Q1FY23 results which showed degrowth on a sequential basis. Net sales fell by 13.56% to Rs 221.17 crore as compared to the March quarter. The company reported EBITDA and Net Profit at Rs 28.60 crore and Rs 9.97 crore, which were down by 26.41 % and 54.24%, respectively QoQ. The company reported degrowth of margins sequentially, which came in at 12.93% (EBITDAM%) and 4.51% (PATM%). As a result, the shares of Sharda Cropchem witnessed a heavy selloff on the counter on August 3 shedding 12.50% share price in a single session.

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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