20 small cap best performers on BSE jump 10% to 20%; have you invested in any?
While Sensex and Nifty were very buoyant today, there were a list of 20 small caps that managed to outperform the indexes by gaining from 10% to as much as 20%.
Both Sensex and Nifty traded on a positive note on Monday in line with Asian markets. The Sensex so far has surged by 149 points and Nifty 50 has touched over 10,800-level. However, in last few minutes of trading session, the indices gave away their gains, with Sensex trading up 28.20 points or 0.08% at 35,471.87, while Nifty 50 was up by 11.65 points or 0.11% at 10,779.30. Geojit in its market report stated that the Nifty opened with a gap down but managed to recoup a majority of its losses and held on its immediate support of 10700 to end the day flat with slight negative bias on Friday. It made a bullish candle on the daily charts on an intraday basis and Long Legged Doji kind of pattern on the weekly charts.
The performance of domestic indices hovered around trading pattern of asian markets which traded cautiously higher as investors are focused on a mix of trade tensions and a meeting between U.S. President Donald Trump and North Korean Leader Kim Jong Un. Markets in Australia are closed for a holiday.
While Sensex and Nifty were very buoyant today, there were a list of 20 small caps that managed outperform the indexes by gaining from 10% to as much as 20%.
S&9 BSE Small Cap were best performer on Sensex, it was trading at 16,970.09 up 82.96 points or 0.49%. Today, BSE Small cap has touched intraday high of 17066.76.
On this index, 20 stocks surged massively. If you have invested in any of these stocks mentioned below than good days have arrived for you.
There were 13 stocks that gained from 15% to 20%. On Monday, Alembic Pharma took lead by surging 20% with intraday high of Rs 521.80 per piece. This was followed by Jai Corp which was up by 19.98% with high of Rs 148.65 per piece, Nectar Lifescience up 19.95% with high of Rs 25.55 per piece, 63 Moons Technologies up 19.94% with high of Rs 86.90 per piece, Andrew Yule & Company up 19.88% with 30.75 per piece high, Alembic up 19.93% with high of Rs 49.95 per piece, Precision Wires India up 19.02% with high of Rs 305.70 per piece and Walchandnagar Industries up 18.10% with high of Rs 162.50 per piece.
The performance of Alembic Pharma was on the back of an announcement made by the company that it has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Bupropion Hydrochloride Tablets USP, 75 mg and 100 mg. The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Wellbutrin® Tablets, 75 mg and 100 mg, of GlaxoSmithKline LLC.
Companies like Reliance Industrial Infrastructure, Astrazeneca Pharma, Kirloskar Brothers, Coffee Day Enterprises and Manali Petrochemical surged by 14.76%, 18.06%, 17.56%, 16.29% and 14.83% respectively.
Other companies like Indosolar Ltd, Dwarikesh Sugar Industries, TAJGVK Hotels & Resorts, Genus Power Infrastructure, Rollatainers and Dhampur Sugar Mills soared from 9% to below 15% on BSE.
CPI, WPI and IIP will be presented in upcoming week and domestic indices will move as per the performances of these indicators. RBI has already raised a list concern which pressurizes inflation in coming months.
Analysts at Religare Broking firm said, “Going ahead, macro data viz. CPI and WPI inflation data for the May month, movement in crude oil prices and progress of monsoon will dictate the market trend.”