Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
5paisa Research Team
Last Updated: 12th December 2022 - 10:04 am
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from February 11 to 17, 2022.
Amid much volatility, the headline indices BSE Sensex closed for the week lower at 57892.01 with a loss of 1.75% or 1034 points while Nifty closed at 17605.85 with a gain of 45 points. The markets remained under selling pressure amid weak global clues, impending Russia-Ukraine war and fears of US Fed rate hike. On home front India's inflation based on wholesale price index (WPI) stood at 12.96% in January 2022 compared with 2.51% in January 2021.
The broader market indices also bore the pain with S&P BSE Mid Cap Index closing at 23964.86 with loss of 740 points or a massive 2.99% for the week .The S&P BSE Small Cap faced even more volatility and nervousness losing even more by 1273 points or 4.35% and closed for the week at 27972.45.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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RHI Magnesita India Ltd.
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13.72
|
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Hinduja Global Solutions Ltd.
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7.16
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Tanla Platforms Ltd.
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6.7
|
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Ruchi Soya Industries Ltd.
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4.93
|
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Cummins India Ltd.
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4.89
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The bull rally was led by RHI Magnesita Ltd in the mid-cap segment. The shares of the company delivered a weekly return of 13.72%. The share price of the company rose from Rs 487.35 to Rs 554.20 during the period. The stock rallied after posting strong earnings for the December quarter. Consolidated revenue jumped 41.5% on a YoY basis at Rs 543.35 crore and consolidated net profit stood at Rs 76.1 crore with a huge jump of 73.12% on a YoY basis. The stock logged a fresh 52-week high of Rs 565 in yesterday’s trading session after rallying the whole week after posting stellar results.
The top 5 losers from the Midcap segment for this week are as follows:
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Manappuram Finance Ltd.
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-20.03
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Metropolis Healthcare Ltd.
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-17.01
|
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Brightcom Group Ltd.
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-14.49
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NLC India Ltd.
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-14.47
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HLE Glascoat Ltd.
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-11.27
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The laggards of the midcap segment were led by Manappuram Finance Ltd. The shares of the company fell 20.03% from Rs 153.05 to Rs 122.40. The stock logged a fresh 52-week low in yesterday’s trading session at Rs 121.35 after trading in red in all consecutive sessions for the week after it posted results on Monday at 14.02 pm falling 6.5% that day and another 10.7% on Tuesday. The company reported unflattering consolidated revenue at Rs 1464.65 falling 10.42% on YoY basis and the corresponding net profit sharply fell by 46% at Rs 261 crore.
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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Excel Industries Ltd.
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28.73
|
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Mirza International Ltd.
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23.81
|
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Eveready Industries India Ltd.
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18.78
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Solara Active Pharma Sciences Ltd.
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18.4
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Shree Pushkar Chemicals & Fertilisers Ltd.
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12.71
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The top gainer in the Smallcap segment was Excel Industries Ltd. The stock surged 28.73% for the week from the levels of Rs 969.25to Rs 1247.75. The company hit the upper circuit of 20% on market opening on February 14 in response to its strong Q3 results posted on Friday 11 (post market hours). Consolidated revenue jumped 64.12% on YoY basis at Rs 350.52 crore while consolidated PAT soared 198% to Rs 77.85 crore compared to the same period last year. The company logged its 52-week high on February 15 at Rs 1375 rallying 8% in the day’s trading session.
The top 5 losers in the Smallcap segment for this week are as follows:
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KRBL Ltd.
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-18.26
|
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Syncom Formulations (India) Ltd.
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-17.83
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Mangalam Organics Ltd.
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-17.06
|
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Kuantum Papers Ltd.
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-15.77
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Reliance Infrastructure Ltd.
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-15.65
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The losers of small cap space were led by KRBL Ltd. The shares of the company fell from Rs 228.10 to Rs 186.45 registering a loss of 18.26% in the stock price. The stock tumbled after posting weak results for the December quarter. The company reported a 50% decline in consolidated profit at Rs 73.36 crore with margins shrinking by a massive 660 bps from 12.96 to 6.36%. The scrip tanked 12.1% in Monday’s session, in reaction to the unimpressive Q3 numbers which continued till Thursday extending losses to 18.26%.
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