Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
5paisa Research Team
13th December 2022 - 01:49 pm
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from December 31 2021 to January 6 2022.
Services Purchasing Managers' Index (PMI), compiled by IHS Markit, eased to 55.5 in December from 58.1 in November, the Manufacturing PMI also eased at 55.5 in December from 57.6 in November. A reading above 50 signals expansion while reading below it shows contraction. Composite PMI in India decreased to 56.40 points in December from 59.20 points in November of 2021. The rate of growth was lowest since September reflecting concerns over fast-spreading Omicron. Meanwhile, on the global front, minutes from Federal Reserve’s December policy meeting suggested an earlier and faster rate hike with tighter monetary policy to normalize its balance sheet. While the US stock market slid following the release, Indian markets seemed to be less impacted.
S&P BSE Mid Cap Index closed at 25336.55 with a week’s gain of 2.87% in yesterday’s trading session. The midcap segment witnessed a weekly high of 25348.19 and a low of 25079.25. The S&P BSE Smallcap also closed at 29904.78 with a gain of 2.69%. The small cap segment witnessed a weekly high of 29937.39 and a low of 29593.79.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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National Standard (India) Ltd.
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21.55
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JBM Auto Ltd.
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20.23
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Affle (India) Ltd.
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18.32
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Shree Renuka Sugars Ltd.
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16.61
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Balrampur Chini Mills Ltd.
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15.35
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The bull rally was led by National Standard (India) Ltd in the midcap segment. The shares of the company delivered a weekly return of 21.55%. The share price of the company rose from Rs 8937.35 to Rs 10863.35 during the period. The highly volatile stock has emerged out of selling pressure of last week where it shed 15.81%. The real estate development company has surged astronomically by 2192% from the levels of Rs 474 in past one year.
Noteworthy, amid an improved outlook for the sugar sector which emerged m being a cyclical industry to sectoral growth one, many of the sugar companies witnessed a strong upward rally with Shree Renuka Sugars Ltd and Balrampur Chini Mills Ltd logging 16.61% and 15.35% gain for the week.
The top 5 losers from the Midcap segment for this week are as follows:
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Brightcom Group Ltd.
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-9.22
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Brigade Enterprises Ltd.
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-8.55
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Persistent Systems Ltd.
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-7.52
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APL Apollo Tubes Ltd.
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-5.72
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Kama Holdings Ltd.
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-5.33
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The laggards of the midcap segment were led by Brightcom Group Ltd. The shares of the company fell 9.22% from Rs 179.05 to Rs 162.55. The company which is a global provider of online or digital marketing services saw sell-off pressure after rising astronomically since May 2021. The stock has soared 2290% in the last one year with six months gain of 641.56%.
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:
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Quint Digital Media Ltd.
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37.07
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Mirza International Ltd.
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29.07
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Jaiprakash Power Ventures Ltd.
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28.2
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Panama Petrochem Ltd.
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28.09
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Black Box Ltd.
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26.22
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The top gainer in the Smallcap segment was Quint Digital Media Ltd. The stock surged 37.07% for the week. Share price of the company rose from Rs 380 to Rs 520.85 during the period. The stock has rallied 143.55% in 2021. In yesterday’s trading session the stock hit its 52- week high of Rs 524.55 logging a day’s gain of 19.1%. Quint Digital Media is engaged in the operation of other websites that act as portals to the internet.
The top 5 losers in the Smallcap segment for this week are as follows:
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Raghuvir Synthetics Ltd.
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-18.53
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Surya Roshni Ltd.
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-14.21
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Spandana Sphoorty Financial Ltd.
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-12.63
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Dhanuka Agritech Ltd.
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-9.9
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Media Matrix Worldwide Ltd
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-9.64
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The losers of smallcap space were led by Raghuvir Synthetics Ltd. The shares of the company fell from Rs 756.60 to Rs 616.40 registering a loss of 18.53% in the stock price. The stock saw profit booking for the second week with a composite loss of 36.95%. The stock of the textile company has since October 28, zoomed 444% after it turned ex- date for the stock split in the ratio 1:10. It has soared 3747% in the last 12 months around 95% in just one month. It ended as the biggest loser on smallcap on account of profit booking after the steep rise in stock price.
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Tanushree Jaiswal
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