Top 5 gainers and losers in the Midcap and Smallcap segments during this week!
5paisa Research Team
10th December 2022 - 12:31 pm
List of top 5 gainers and losers in the Mid-cap and Small-cap segments for the week from October 8 to 14, 2021.
The overriding sentiment of the market was ultra-positive. The International Monetary Fund (IMF) projected that India would retain its fastest-growing economy tag with an estimated gross domestic product (GDP) growth rate of 9.5% in FY22. IMF has projected the government debt, including that of the Centre and the states, to rise to a record 90.6% of gross domestic product (GDP) during 2021-22 against 89.6% in the previous year. It will then moderate to 88.8% during FY23 but will remain over 85% during the next five years till 2026-27, the IMF said in its latest Fiscal Monitor. On the home front, the FM contended that India is looking at near double-digit growth this year. On the back of strong macro-economic factors, India emerged as one of the best-performing markets.
The Sensex on Wednesday October 13 closed at a new high at 60737, up by 1060 points, or 1.78% with the market cap of all listed stocks on the BSE topping Rs 270 trillion.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
This is the table code -
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Union Bank Of India
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18.11
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Bharat Heavy Electricals Ltd.
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16.73
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ICICI Securities Ltd.
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16.45
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Radico Khaitan Ltd.
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16.03
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Angel One Ltd.
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15.87
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The bull rally was led by the Union Bank of India in the mid-cap segment. The shares of the company delivered a weekly return of 18.11%. The share price of the company rose from Rs 37.55 to Rs 44.35 during the period. Moody’s has affirmed the Ba1 long term local and foreign currency ratings of the bank. The market is anticipating strong performance for the Q2 FY 22 with an increase in Net Interest Income in double digits and solid improvement in the bottom line on YoY basis.
The strong bull sentiment of the market was evident in the strong double-digit gains in all the top five gainers in this segment.
The top 5 losers from the Midcap segment for this week are as follows:
This is the table code -|
Chambal Fertilizers and Chemicals Ltd.
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-12.38
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Hikal Ltd.
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-8.07
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Nazara Technologies Ltd.
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-7.48
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Just Dial Ltd.
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-7.14
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Vodafone Idea Ltd.
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-5.89
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The laggards of the mid cap segment were led by Chambal Fertilizers and Chemicals Ltd. The shares of the company declined 12.38% from Rs 438.5 to Rs 384.20. Chambal Fertilizers and Chemicals Ltd is engaged in production of Urea and markets/deals in other fertilizers and agri-inputs. Nazara Technologies Ltd shows profit booking after the last week gains of 16.36% signally weak sentiments for the stock.
Let us move towards the top 5 gainers and losers in the Small cap segment:
The top 5 gainers in the Small cap segment for this week are as follows:
This is the table code -|
Arshiya Ltd.
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50.98
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Borosil Renewables Ltd.
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33.07
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GOCL Corporation Ltd.
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32.91
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Inox Wind Ltd.
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27.67
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Arvind Ltd.
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24.55
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The top gainer in the Small-cap segment was Arshiya Ltd. The stock swell by a whopping 51%. The buzzing stock beat the market with a significant gain of 50% gain in the last three trading sessions from Rs 28.15 to Rs 42.45, unsupported by weak fundamentals. Arshiya is engaged in the business of Free Trade and Warehousing Zone, Domestic Warehousing Zone, Value-added Services along with development, Operations and maintenance of FTWZ. In the last year revenues have shrunk by 27% for the logistics player with negative earnings per share. The exchange has sought clarification from the management with reference to Movement in Price.
All the other featured performers in the segment justified the outperformance of these high-risk high return stocks which front run the bull rally.
The top 5 losers in the Small cap segment for this week are as follows:
This is the table code -|
Nureca Ltd.
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-13.91
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Bajaj Hindusthan Sugar Ltd.
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-12.95
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Jindal Worldwide Ltd.
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-9.82
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BLS International Services Ltd.
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-8.72
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Himatsingka Seide Ltd.
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-7.96
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Volatility being the key trait of these small cap stocks, the shares of Nureca Ltd. fell from Rs 2139.85 to Rs 1842.15 registering a loss of13.91% in the stock price despite robust fundamentals. Nureca Ltd. is a company engaged in the business of home healthcare and wellness products under Brand "Dr Trust".
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Tanushree Jaiswal
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