Top 5 gainers and losers in the Midcap and Smallcap segment during this week!

5paisa Research Team 30th September 2022 - 04:41 pm

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from September 23 to 29, 2022.

During the last 5 trading sessions, the frontline index S&P BSE Sensex shed nearly 3% or 1688.96 points and closed at 56,409.96 on September 29,2022.

The broader market also closed much weaker during the week with S&P BSE Mid Cap closing down by 3% at 24,512.97. The S&P BSE Small Cap also ended at 28,047.11 losing 765.65 points or 2.6%.

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

Rites Ltd.

9.1

Allcargo Logistics Ltd.

7.81

Tejas Networks Ltd.

7.19

Sun Pharma Advanced Research Company Ltd.

6.68

Aster DM Healthcare Ltd.

6.28

The biggest gainer in the mid-cap segment for the week was Rites Ltd. Shares of the PSU rose by 9.1% for the week from the levels of Rs 297.25 to Rs 324.30. The stock has logged a fresh 52-week high of Rs 330.55 on September 29. Rites Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach.

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

Aarti Industries Ltd.

-14.19

Brightcom Group Ltd.

-11.8

Jindal Stainless Ltd.

-11.42

Angel One Ltd.

-10.84

RBL Bank Ltd.

-10.73

 The laggards of the midcap segment were led by Aarti Industries Ltd. The shares of this speciality chemical and pharma company fell 14.19% from Rs 855.1 to Rs 733.8. The management has indicated that it plans to demerge its pharma business into a separate entity, Aarti Pharmalabs, with October 20 as the record date, as it aims to focus on the pharma opportunity separately. Morgan Stanley has downgraded the stock by 28% on account of raw material challenges, weaker growth prospects until 2024. On June 20th, the stock has logged a new 52-week low of Rs 669.

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:

Prudent Corporate Advisory Services Ltd.

18.61

Shivalik Bimetal Controls Ltd.

16.83

Associated Alcohols & Breweries Ltd.

13.51

JTL Infra Ltd.

11.02

Pricol Ltd.

9.75

 The top gainer in the Smallcap segment Prudent Corporate Advisory Services Ltd. Shares of this retail wealth management company rose to 18.61% for the week from the levels of Rs 611 to Rs 724.7. The stock logged a fresh 52-week high on September 29 at Rs 734.85. The shares of this wealth management company that listed on the bourses on May 20, 2022 has risen 37.67% from its listing price of Rs 660.

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

Morepen Laboratories Ltd.

-22.33

AGI Greenpac Ltd.

-18.66

Jyoti Resins & Adhesives Ltd.

-18.54

DB Realty Ltd.

-18.01

The Ruby Mills Ltd.

-14.85

The losers of small cap space were led by Morepen Laboratories Ltd. The shares of this API Drug manufacturer fell from Rs 31.35 to Rs 24.35 registering a loss of 22.33% in the stock price. Amid selloff, the stock registered its 52-week low at Rs 23.35. Morepen Laboratories is engaged in the manufacturing and sale of APIs/ Bulk Drugs, Home Diagnostics, Formulations and OTC products.

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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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