As indices tumble, here are top 5 gainer and loser small and midcap stocks
Top gainers and losers: Zee Business managing editor Anil Singhvi says that 60-70 per cent price correction in most stocks in small and midcap categories has completed. He says that there is still some scope for weakness in small and midcap stocks. Paytm, NHPC, IIFL Fin, and SJVN are the top losers, while PB Fintech, APL Apollo Tubes, Natco Pharma, and Intellect Design are the top gainers.
Top gainers and losers: The last one month has been testing times for Nifty Midcap 100 and Nifty Smallcap 100 indices. While Nifty Midcap 100 has fallen by 3.35 per cent in the one month, Nifty Smallcap 100 has slipped by 7.61 per cent in the same duration (As of writing this story). If we cast a glance at their performances in the last week, Nifty Midcap 100 dropped by 4.65 per cent, while Nifty Midcap 100 slid by 6.51 per cent.
As per Zee Business research, the biggest intraday fall in Nifty Midcap 100 was on January 23, 2024 for this year.
Nifty Midcap 100 has declined in 25 out of the last 35 trading sessions (As of March 13, 2024).
The Nifty Midcap index has declined by 7.2 per cent from the record level of February 8.
As far as the performance of Nifty SmallCap 100 Index is concerned, its biggest intraday fall since February 12, 2024, was on Wednesday (March 12).
The Nifty Smallcap index ended negative 15 times out of last 22 trading sessions.
The smallcap index has fallen by 14 per cent from a record high of February 8.
Anil Singhvi's strategy for small and midcap stocks
Amid such a fall in small- and mid-cap stocks, Anil Singhvi, managing editor, Zee Business, reveals the strategy that investors can follow.
He says that 60-70 per cent price correction in most stocks in both categories has completed.
He says that there is still some scope for weakness in small and midcap stocks.
Singhvi reveals that the wound is deep, and will take time to heal.
He believes that the time-wise correction of small and midcap stocks will last a little longer.
He advises investors to make a list of good quality shares.
The Zee Business managing editor says there will be an opportunity to buy the stocks of these two categories at the end of March.
He also advised investors to hold these stocks in April to reap the benefit.
He says patience is key and one should not hurry in buying stocks.
5 top loser Nifty Midcap 100 stocks (since 8 Feb, 2024)
Paytm -22.5%
NHPC -20%
IRFC -19.6%
FACT -21.7%
ABFRl -22.3%
5 top gainer Nifty Midcap 100 stocks (since 8 Feb, 2024)
PB Fintech +16.3%
APL Apollo Tubes +15%
Tata Chemicals +14.4%
Oil India +11.9%
Polycab India +11.5%
5 top loser Nifty Smallcap 100 stocks (since 8 Feb, 2024)
IIFL Fin -34.8%
SJVN -31.2%
Angel One -29.7%
NBCC India -28%
TTML -26.3%
5 top gainer Nifty Smallcap 100 stocks (since 8 Feb, 2024)
Natco Pharma +10.7%
Intellect design +9.2%
KEC International +6%
Medplus Health +5.3%
Glenmark Pharma +4.4%
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