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Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
Last Updated: 18th March 2023 - 01:07 pm
List of top 5 gainers and losers in the midcap and smallcap segment for the week from March 10 to March 16, 2023.
The frontline index S&P BSE Sensex declined 2.54% or 1500.29 points during the week and closed at 57,634.84 on March 16, 2023.
The fall was broad based during the week with S&P BSE Mid Cap declining by 2.34% at 24,042.13. While, the S&P BSE Small Cap ended at 26,980.75 declining 3.48%.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
6.66 |
|
5.82 |
|
5.81 |
|
4.52 |
|
4.47 |
The biggest gainer in the mid-cap segment for the week was Zee Entertainment Enterprises Ltd. Shares of this TV broadcasting company rose by 6.66% for the week from the levels of Rs 193.65 to Rs 206.55. According to a Bloomberg report, Zee Entertainment Enterprises has agreed to pay IndusInd Bank's debts, and the lender is expected to dismiss the insolvency case filed against it. According to Bloomberg, the repayment of around USD 10 million to the lender could come as soon as Friday, and the Mumbai-based bank has promised to withdraw its insolvency proceedings against the media company once the repayment is made.
The top 5 losers from the Midcap segment for this week are as follows:
-18.09 |
|
-17.28 |
|
-11.87 |
|
-11.39 |
|
-11.01 |
The laggards of the midcap segment were led by PNB Housing Finance Ltd. The shares of this Housing Finance Company fell 18.09% from Rs 607.45 to Rs 497.55. The stock plunged during the week after hitting its 52-week high on March 09, 2023.
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:
10.51 |
|
Moschip Technologies Ltd. |
10.32 |
6.82 |
|
6.65 |
|
6.03 |
The top gainer in the Small-cap segment is Jain Irrigation Systems Ltd. Shares of this company rose by 10.51% for the week from the levels of Rs 28.73 to Rs 31.75. Jain Irrigation Systems Limited is engaged in providing solutions in agriculture, piping and infrastructure through the manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs.
The top 5 losers in the Smallcap segment for this week are as follows:
-17.81 |
|
-15.76 |
|
-15.11 |
|
-14.14 |
|
-14.04 |
The losers of small-cap space were led by Brightcom Group Ltd. The shares of this IT-enabled services company fell from Rs 21.22 to Rs 17.44 registering a loss of 17.81% in the stock price. The stock hit its 52-week low on March 16.
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