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

5paisa Research Team 19th May 2023 - 05:14 pm

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from May 12 to May 18, 2023.

The frontline index S&P BSE Sensex declined 0.95% or 588.72 points during the week and closed at 61,686.19 on May 18, 2023.

The decline in rally was broad-based during the week with S&P BSE Mid Cap declining 0.57% at 26,150.94. The S&P BSE Small-Cap ended at 29,796.33, gaining 0.11%.

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

Amber Enterprises India Ltd.	16.58
CreditAccess Grameen Ltd.	14.62
Kaynes Technology India Ltd.	11.51
Tanla Platforms Ltd.	9.98
EIH Ltd.	9.64

The biggest gainer in the mid-cap segment for the week was Amber Enterprises India Limited. Shares of this IT company rose by 16.58% for the week from the levels of Rs 1816.2 to Rs 2117.4. The company has delivered the strongest quarter ever. Hence, the rally in the share price is driven because of strong numbers delivered by the company.

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

KEC International Ltd.	-10.16
Laxmi Organic Industries Ltd.	-8.65
Metropolis Healthcare Ltd.	-8.14
Asahi India Glass Ltd.	-7.42
Jubilant Ingrevia Ltd.	-7.25

The laggards of the mid-cap segment were led by KEC International Ltd. The shares of the company fell 10.16% from Rs 534.6 to Rs 480.3. The fall in stock price is purely market-driven, however, the company posted stellar quarterly and annual results.

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:

Shakti Pumps (India) Ltd.	34.25
Vesuvius India Ltd.	20.95
Precision Wires India Ltd.	18.41
Rane (Madras) Ltd.	18.38
Aurionpro Solutions Ltd.	18.34

The top gainer in the Small-cap segment was Shakti Pumps Ltd. Shares of this pump company rose by 34.25% for the week from the levels of Rs 424.95 to Rs 570.5. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by market forces.

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

Subex Ltd.	-15.88
Thirumalai Chemicals Ltd.	-13.69
Ethos Ltd.	-11.88
TV Today Network Ltd.	-11.28
National Fertilizers Ltd.	-10.57

The losers of small-cap space were led by Subex Ltd. The shares of this software company fell from Rs 32.75 to Rs 27.55 registering a loss of 15.88% in the stock price. The decline in the share price was driven by the unsatisfactory quarterly performance 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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