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

5paisa Research Team 19th August 2022 - 03:56 pm

List of top 5 gainers and losers in the midcap and smallcap segment for the week from August 12 to 18, 2022.

The week was marked with celebration and exuberance on the national front as well as in economic terms. RBI’s economic report on August 18 was on an optimistic note with the expectation over inflation to ease 5% by Q1FY23-24 and gradually stabilize at the target of 4%. Extending the exuberance, the Benchmark Indices S&P BSE Sensex reclaimed the magical 60K mark and closed for the week (August 12 to 18, 2022) at 60,298 which was higher by 1.40% or 835points.

The broader market also witnessed positive sentiment during the week with S&P BSE Mid Cap closing up by 2.1% at 25,286.51. The S&P BSE Small Cap also ended at 28,438.57 higher than the previous week’s close by 533 points or 1.9%.

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

Gujarat Alkalies And Chemicals Ltd.

18.39

Brightcom Group Ltd.

15.2

Happiest Minds Technologies Ltd.

13.82

RattanIndia Enterprises Ltd.

12.98

Apollo Tyres Ltd.

12.91

The biggest gainer in the mid-cap segment for the week was Gujarat Alkalies and Chemicals Ltd. The shares of this PSU mining major have delivered a weekly return of 18.39% from the levels of Rs 767.90 to Rs 909.10. In a press release on August 15, the company informed that it has successfully commissioned the 105,000 TPA (315 MT per day) of the Chloromethanes Plant at Dahej.  Gujarat Alkalies & Chemicals is a multi-product chemical manufacturing company, having many products in its basket and is one of the leading manufacturers of Caustic Soda Lye. 

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

Sona BLW Precision Forgings Ltd.

-9.21

APL Apollo Tubes Ltd.

-6.36

Aegis Logistics Ltd.

-6.07

Linde India Ltd.

-5.91

Elgi Equipments Ltd.

-5.80

The laggards of the midcap segment were Sona BLW Precision Forgings Ltd. The shares of the company fell 9.21% from Rs 569.9 to Rs 517.4 on the back of a stake sale of 16% by private equity firm Blackstone (total stake of 34.12%). Blackstone through its affiliate – Singapore VII Topco III PTE sold a part of its stake in Sona BLW Precision Forging through a block deal raising Rs 4000 crore through the transaction.

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:

Repco Home Finance Ltd.

30.12

Nava Ltd.

29.84

DFM Foods Ltd.

25.12

Jubilant Industries Ltd.

25.01

Indiabulls Real Estate Ltd.

20.84

The top gainer in the Smallcap segment was Repco Home Finance Ltd. Shares of Chennai based housing finance company rose steeply to 30.12% for the week from the levels of Rs 158.35 to Rs 206.05. The NBFC posted its Q1FY23 results on August 12 wherein net interest income stood at Rs 137 crore compared to Rs 144.4 crore during same period last year. However PAT rose sharply from Rs 32.1 crore to Rs 62.1 crore on YoY basis. The sanctions also rose significantly on YoY from Rs 205.9 crore to Rs 690.9 crore and disbursements stood at Rs 642.2 crore.

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

Voltamp Transformers Ltd.

-17.23

Navkar Corporation Ltd.

-15.98

Bajaj Hindusthan Sugar Ltd.

-8.7

Indoco Remedies Ltd.

-8.5

TCNS Clothing Co. Ltd.

-8.37

The losers of small cap space were led by Voltamp Transformers Ltd. The shares of the company fell from Rs 3402.60 to Rs 2816.35 registering a loss of 17.23% in the stock price. The manufacture of oil-filled power and distribution transformers posted its Q1FY23 results which showed degrowth on a sequential basis. Net sales fell by 30.23% to Rs 270.15 crore as compared to the March quarter. The company reported EBITDA and Net Profit at Rs 36.28 crore and Rs 26.68 crore, which were down by 45.62% and 48.55% respectively QoQ. On YoY basis, although net revenue grew by 66.90%, EBITDA and PAT were up by 446.41% and 69.05% on account of a low base. As a result, the shares of Voltamp Transformers witnessed a heavy selloff on the counter on August 16 shedding 16.86% in a single trading 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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