Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
5paisa Research Team
Last Updated: 14th December 2022 - 09:19 am
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from January 28 to February 3 , 2022.
The budget week saw a lot of exuberance in the market both pre and post Budget, but finally ended the week on a weak note. Budget 2022 which was pro-growth and of fiscal prudence was largely well received. Fiscal Deficit for FY 2022 & FY 2023 estimated at 6.9% (RE) and 6.4% of GDP. Government borrowing through G-Sec to increase from Rs 7.8 lakh crore in FY 2022 to Rs 11.2 lakh crore in FY 2023. Tax on GDP ratio grew by 23.76% on YoY basis for FY 2022 on account of low base and are estimated to grow at 9.6% in FY 2023. The benchmark index Sensex gained 1588 points or 2.64% to close at 58788.02, while the Nifty gained 450 points or 2.63% and closed at 17560.20.
The market buoyancy continued in the broad market indices with S&P BSE Mid Cap Index closing at 25464.31 with a massive gain of 978 points or 4.09% for the week. The S&P BSE Small Cap similarly gained 1205 points or 4.21% and closed for the week at 29838.05.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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Elgi Equipments Ltd.
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29.34
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Amber Enterprises India Ltd.
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22.2
|
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IRB Infrastructure Developers Ltd.
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21.11
|
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CE Info Systems Ltd.
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16.91
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VIP Industries Ltd.
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15.51
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The bull rally was led by Elgi Equipments Ltd in the mid-cap segment. The shares of the company delivered a weekly return of 29.34%. The share price of the company rose from Rs 312.70 to Rs 404.45 during the period. The stock rallied in anticipation of strong earnings for the December quarter. The stock soared 12.11% on February 2 and 5.88% on February 3 while logging its 52-week high of 419.35 on the last day.
The top 5 losers from the Midcap segment for this week are as follows:
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National Standard (India) Ltd.
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-9.97
|
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UTI Asset Management Company Ltd.
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-8.24
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Alkyl Amines Chemicals Ltd.
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-7.23
|
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Alok Industries Ltd.
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-5.80
|
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Multi Commodity Exchange Of India Ltd.
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-5.79
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The laggards of the midcap segment were led by National Standard (India) Ltd. The shares of the company fell 9.97% from Rs 9657.70 to Rs 8694.35. The highly volatile stock has been in action through most part of FY 21-22 by hitting upper or lower circuits on several consecutive trading sessions.
Let us move towards the top 5 gainers and losers in the Smallcap segment:
The top 5 gainers in the Smallcap segment for this week are as follows:
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Dhanvarsha Finvest Ltd.
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24.85
|
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Genus Power Infrastructures Ltd.
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24.03
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DB Realty Ltd.
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21.49
|
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Prime Focus Ltd.
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21.38
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Jyoti Structures Ltd.
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21.03
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The top gainer in the Smallcap segment was Dhanvarsha Finvest Ltd. The stock surged 24.85% for the week from the levels of Rs 142.45 to Rs 177.85. The stock rallied a massive 15.72% on February 2 as the financial stocks were witnessing buoyancy in the market. On February 3, the stock touched its all-time high of Rs 184.90.
The top 5 losers in the Smallcap segment for this week are as follows:
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EKI Energy Services Ltd.
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-18.55
|
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Apar Industries Ltd.
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-12.9
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Neuland Laboratories Ltd.
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-11.97
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IFB Industries Ltd.
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-10.02
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Polo Queen Industrial & Fintech Ltd.
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-9.94
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The losers of smallcap space were led by EKI Energy Services Ltd. The shares of the company fell from Rs 10161.05 to Rs 8276.30 registering a loss of 18.55% in the stock price. EKI Energy Services was listed on the SME platform in April 2021 at Rs 147 per share and since then it has skyrocketed 8470%, touching an all-time high of Rs 12599 on January 24. The carbon credit exchange reported excellent Q3 numbers earlier last month and has announced the launch of its new arm for sustainability index yesterday. The stock saw profit booking last week hitting the lower circuit on consecutive sessions.
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