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

5paisa Research Team 3rd February 2023 - 04:25 pm

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from January 27 to February 02, 2023.

At the end of an eventful week, the frontline index S&P BSE Sensex gained 1.01% or 601.34 points during the last 5 trading sessions and closed at 59,932.24 on February 02, 2023. However, S&P BSE Midcap declined during the week by 1.02% and closed at 24,457.75. While S&P BSE Smallcap ended in green and closed at 27,994.16 gaining 1.34%.

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

Apar Industries Ltd.	34.88
Data Patterns (India) Ltd.	20.72
Ratnamani Metals & Tubes Ltd.	14.53
KPIT Technologies Ltd.	12.85
IIFL Finance Ltd.	12.82

The biggest gainer in the mid-cap segment for the week was Apar Industries Ltd. Shares of this leading electrical equipment manufacturer rose by 34.88% for the week from the levels of Rs 1496.4 to Rs 2018.35. The rally was on the back of robust earnings reported by the company for the quarter ending December 31, 2022. Net revenue grew by 76.88% YoY to Rs 3,942.37 crore compared to Rs 2,228.83 crore from previous year’s same quarter. Net profit jumped by 209.13% YoY to Rs 169.90 crore from Rs 54.96 crore.

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

Max Financial Services Ltd.	-14.04
Swan Energy Ltd.	-11.96
Jindal Worldwide Ltd.	-11.64
Jubilant FoodWorks Ltd.	-10.03
Whirlpool Of India Ltd.	-9.41

The laggards of the midcap segment were led by Max Financial Services Ltd. The shares of this holding company of Max Life Insurance fell 14.04% from Rs 721.35to Rs 839.2. The shares of life insurance companies came under pressure after the Finance Minister said that insurance buyers will have to pay tax on insurance proceeds if the premium paid exceeds Rs 5 lakh.

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:

Manaksia Ltd.	50.65
Sterling Tools Ltd.	16.49
GTL Infrastructure Ltd.	16.09
Optiemus Infracom Ltd.	15.75
Jindal Saw Ltd.	14.38

The top gainer in the smallcap segment was Manaksia Ltd. Shares of this iron & steel company rose by 50.65% for the week from the levels of Rs 92.1 to Rs 138.75. The management of Manaksia Ltd clarified about the stock price movement in its exchange filing. The company said, “While we have also noticed some movement in the price of our securities in the recent past, however, we do not have any additional information/announcement (including impending announcement) at this point of time which, in our opinion may have a hearing on the movement in the price/ volume behaviour of the Company’s scrip and needs to be reported/ disclosed to the Stock Exchanges.”

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

Heranba Industries Ltd.	-32.17
TCI Express Ltd.	-18.28
Valiant Organics Ltd.	-11.37
D.B. Corp Ltd.	-10.69
The Ugar Sugar Works Ltd.	-10.16

The losers of smallcap space were led by Heranba Industries Ltd. The shares of this agrochemical manufacturer fell from Rs 466.05 to Rs 316.1registering a loss of 32.17% in the stock price.

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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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