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

5paisa Research Team 17th February 2023 - 01:29 pm

List of top 5 gainers and losers in the midcap and smallcap segment for the week from February 10, 2022 to February 16, 2023.

The frontline index S&P BSE Sensex finished higher by 1.05% or 636.81 points during the week and closed at 61,319.51 on February 16, 2023.

However, S&P BSE Midcap stood flat during the week, slightly declining by 0.08% and closing at 24,870.57. The S&P BSE Smallcap also ended at 28,112.76 declining 0.53%.

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

Finolex Cables Ltd.	19.08
Tejas Networks Ltd.	17.38
Oil India Ltd.	16.55
Torrent Power Ltd.	12.4
Apar Industries Ltd.	11.06

The biggest gainer in the mid-cap segment for the week was Finolex Cables Ltd. The shares of this leading telecom and electrical cable manufacturer rose by 19.08% for the week from the levels of Rs 562.75 to Rs 670.15. Finolex Cables touched its 52-week high during the week after announcing strong quarterly performance for the quarter that ended on December 31, 2022. Consolidated revenue jumped by 18% to Rs 1,150 crore while net profit increased by 8% to Rs 154 crore on a YoY basis.

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

Allcargo Logistics Ltd.	-17
IDFC Ltd.	-15.02
Campus Activewear Ltd.	-12.21
City Union Bank Ltd.	-11.81
Rajesh Exports Ltd.	-10.19

The laggards of the midcap segment were led by Allcargo Logistics Ltd. Shares of this logistics company fell by 17% from Rs 411.35 to Rs 341.4. The fall was led by the company’s below-par quarterly performance for the quarter that ended on December 31, 2022. Consolidated revenue declined by 27% and stood at Rs 4,099 crore, while net profit shrunk 56% to Rs 157 crore on a YoY basis.

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:

Nucleus Software Exports Ltd.	36.41
Dishman Carbogen Amcis Ltd.	17.77
Neuland Laboratories Ltd.	16.65
Waaree Renewable Technologies Ltd.	14.62
Technocraft Industries (India) Ltd.	14.47

The top gainer in the smallcap segment was Nucleus Software Exports Ltd. The shares of this company rose by 36.41% for the week from the levels of Rs 399.15 to Rs 544.5. Nucleus Software Exports hit a new 52-week high while finishing in the upper circuit during the week. The rally was on account of a strong quarterly performance of the company.

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

EKI Energy Services Ltd.	-48.16
TV Today Network Ltd.	-28.47
BF Investment Ltd.	-20.13
Ester Industries Ltd.	-19.84
Rico Auto Industries Ltd.	-15.52

The losers of small-cap space were led by EKI Energy Services Ltd. The shares of EKI Energy Services fell from Rs 1097.15 to Rs 568.8 registering a loss of 48.16% in the stock price. The fall of this multibagger stock was led after its new auditor, Walker Chandiok & Co, highlighted likely non-compliance with specific accounting standards and revenue recognition norms of the company.

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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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