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

5paisa Research Team 9th December 2022 - 12:49 pm

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from October 7 to 13, 2022.

As pent-up consumer spending hit the market during the festive season, the retail inflation based on Consumer Price Index (CPI) was at 7.41% in September. It was at 7% in August and 4.35% in September 2021. As global worries darkened, the Indian markets also turned bearish, the frontline index S&P BSE Sensex lost 1.69% or 956 points during the week and closed at 57,235.33 on October 13, 2022.

The broader market also bled during the week with S&P BSE Mid Cap closing up by 2.69% at 24,740.93. The S&P BSE Small Cap also ended at 28,520.55 shedding 1.98%.

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

Rajesh Exports Ltd.

10.63

Castrol India Ltd.

10.15

Sun Pharma Advanced Research Company Ltd.

8.02

Ratnamani Metals & Tubes Ltd.

6.17

Raymond Ltd.

5.92

The biggest gainer in the midcap segment for the week was Rajesh Exports Ltd. Shares of the PSU rose by 10.63% for the week from the levels of Rs 605.85 to Rs 670. The stock logged a fresh all-time high of Rs 603 on October 6. The company is a holding company involved in the business of gold and gold products, manufacture of gold jewellry and the sale of bullion. The stock was in consolidation mode in last three months and is currently breaking out from the resistance levels.

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

The India Cements Ltd.

-14.03

Welspun Corp Ltd.

-11.59

Suzlon Energy Ltd.

-11.10

eClerx Services Ltd.

-10.00

RattanIndia Enterprises Ltd.

-8.91

 The laggards of the midcap segment were led by India Cements Ltd. The shares of this cement manufacturer fell 14.03% from Rs 274.70 to Rs 236.15. The stock witnessed profit booking after it logged a fresh all-time high of Rs 2225 on October 3 after rallying 50% in last three months. India Cements is one of the leading cement manufacturing companies in India and also a market leader in South India. The Company announced in a press release that it has entered into a Share Purchase Agreement on 10.10.2022 with JSW Cement Limited and divested the entire shareholdings held by it in Springway Mining Private Limited (SMPL), for a total consideration of Rs 476.87 crore and consequently, SMPL ceased to be the wholly owned subsidiary of our company.

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:

Jindal Drilling & Industries Ltd.

21.17

Garden Reach Shipbuilders & Engineers Ltd.

21.14

Black Box Ltd.

19.56

EKI Energy Services Ltd.

17.97

Astec Lifesciences Ltd.

14.64

 The top gainer in the smallcap segment is Jindal Drilling & Industries Ltd (). Shares of this NBFC rose to 21.17% for the week from the levels of Rs 274.2 to Rs 332.25. The stock logged a fresh 52-week high on October 13 at Rs 334.90. This multibagger stock has zoomed 85% in last three months and 117% in last one year. This smallcap company is engaged in providing services to companies involved in the exploration of oil and gas. The company announces its Q2FY23 results on Monday, October 17.

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

Power Mech Projects Ltd.

-12.96

Vakrangee Ltd.

-10.05

Nelco Ltd.

-9.98

Garware Hi-Tech Films Ltd.

-9.73

Taj GVK Hotels & Resorts Ltd.

-9.34

The losers of smallcap space were led by Power Mech Projects Ltd. The shares of this infrastructure construction company fell from Rs 2094.10 to Rs 1822.65 registering a loss of 12.96 % in the stock price. The stock has witnessed significant momentum in the last couple of months logging a fresh all-time high of Rs 2108 on October 10 as it rallied 50% in last one month and 123% in last three months. At higher levels, the multibagger stock witnessed profit booking during the week. The company is a leading infrastructure-construction corporate based in Hyderabad with a global presence providing services in the power and infrastructure sectors.

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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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