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Business News/ Markets / Stock Markets/  CreditAccess Grameen, Indigo Paints, Century Textiles, Mastek, among top smallcap performers in May

Indian equity market witnessed significant gains in May led by sustained buying by foreign institutional investors (FII) amid better than expected corporate earnings and positive macroeconomic indicators.

The benchmark Sensex ended the month with gains of 2.5%, while the Nifty registered 2.6% rise during the month. However, broader markets, the midcap and smallcap indices outperformed the benchmarks, reflecting the overall strength and resilience of the market. The Nifty Smallcap 100 index jumped 6.6% in May.

Also Read: Stock market in May: These largecap stocks clocked strong gains in May

Among the Nifty Smallcap 100 index, shares of CreditAccess Grameen and Indigo Paints rallied the most over 26% in May. Birla Corporation shares jumped over 22% during the month.

Shares of Century Textiles, Mastek and Sapphire Foods India rallied more than 15% each in May.

Amber Enterprises India, Route Mobile, Quess Corp, Brigade Enterprises and MedPlus Health Services witnessed a rally in the range of 10%-15%.

Also Read: Astral, Ramco Cements, ABB India, Lupin, among top midcap performers of May

Stocks that rose anywhere between 5% to 10% during the month included Bharat Dynamics, Computer Age Management Services, Angel One, KEI Industries, Metro Brands, Graphite India, Radico Khaitan, Lux Industries, KEC International, Mahanagar Gas, MMTC, UTI Asset Management and MCX India.

Meanwhile, shares of Aegis Logistics, Laxmi Organic Industries, Sterling Technologies, Latent View Analytics, Sunteck Realty, Jubilant Ingrevia, Bajaj Amines and IIFL Finance declined in the range of 5% to 9% in May.

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Updated: 01 Jun 2023, 11:30 AM IST
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