Up nearly 20%, these smallcap stocks score double-digit growth as broader indices continue to outperform; do you own?

  • The BSE SmallCap index rose 1.5 percent supported by Digispice Technologies, MPS, Optiemus Infracom, HCL Infosystems, Udaipur Cement Works, among others.

Nikita Prasad
First Published5 Aug 2023, 10:38 PM IST
Up around 20 per cent, the smallcap stocks scored double-digit growth last week.
Up around 20 per cent, the smallcap stocks scored double-digit growth last week.

Broader indices outperformed the major indices yet again gaining about one per cent each even as Sensex and Nifty fell 0.66 per cent in the week ended August 4, 2023. BSE Midcap index ended flat while the BSE Smallcap index clocked a gain of 1.51 per cent during the week led by strength in select smallcap stocks that scored double-digit rise in gains last week. 

On Friday, domestic equity benchmarks Sensex and the Nifty closed with decent gains, snapping their three-day losing run, amid positive global cues. Sensex closed 481 points, or 0.74 per cent, higher at 65,721.25 while the Nifty closed at 19,517, up 135 points, or 0.70 per cent. Mid and smallcap indices slightly underperformed the benchmark index on August 4. The BSE Midcap index closed with a gain of 0.65 per cent while the Smallcap index ended 0.66 per cent higher.

The overall market capitalisation of the firms listed on the BSE rose to 304.2 lakh crore against 302.3 lakh crore in the previous session, making investors richer by 1.9 lakh crore in a single session.

The BSE SmallCap index rose 1.5 percent supported by Digispice Technologies, MPS, Optiemus Infracom, HCL Infosystems, Udaipur Cement Works, among others.

These are the top smallcap gainers of BSE Sensex last week:

Optiemus Infracom (20%), Quick Heal Technologies (20%), HCL Infosystems (19.99%), Arihant Capital Markets Ltd (17.98%), Syncom Formulations India Ltd (15.73%), Digispice Technologies (15.03%), Thomas Cook (India) Ltd (14.20%), SML Isuzu (12.26%), Udaipur Cement Works (11.20%), Punjab Chemicals and Crop Protection (10.17%).

On the other hand, Ador Welding, MSP Steel & Power, Thangamayil Jewellery, Redington, Bhagiradha Chemicals and Industries, Shivalik Bimetal Controls, Equitas Small Finance Bank, along with Bajaj Hindusthan Sugar declined almost 12-15 per cent over the week.

‘’The market fell for the second week in a row, with the Sensex, Nifty, and Nifty Bank all losing one per cent. Midcaps relatively outperformed, with the Midcap Index posting a one per cent gain for the week. IT and pharma gain the most, while realty and PSU banks are the top losing indices. This was primarily a normal profit-taking activity, as there were no significant cues to disrupt the market sentiment,'' said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess

News in Numbers

Numbers that help you understand news better
1.4%

₹773 Cr

₹2,705 Cr

₹1 Cr

₹14,370 Cr

₹5.74 T

First Published:5 Aug 2023, 10:38 PM IST
HomeMarketsStock MarketsUp nearly 20%, these smallcap stocks score double-digit growth as broader indices continue to outperform; do you own?

Most Active Stocks

NTPC

387.10
11:50 AM | 15 JUL 2024
9.85 (2.61%)

Tata Steel

167.60
11:50 AM | 15 JUL 2024
-1.1 (-0.65%)

Bharat Electronics

333.70
11:50 AM | 15 JUL 2024
0.4 (0.12%)

Indian Oil Corporation

169.10
11:50 AM | 15 JUL 2024
2.2 (1.32%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Tanla Platforms

1,042.50
11:48 AM | 15 JUL 2024
89.9 (9.44%)

M M T C

96.21
11:49 AM | 15 JUL 2024
7.6 (8.58%)

Route Mobile

1,897.20
11:48 AM | 15 JUL 2024
124.85 (7.04%)

HBL Power Systems

612.35
11:49 AM | 15 JUL 2024
40.15 (7.02%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    74,771.00290.00
    Chennai
    73,827.00-145.00
    Delhi
    73,972.00-799.00
    Kolkata
    74,045.0073.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L-0.01
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts