Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
5paisa Research Team
Last Updated: 14th January 2022 - 03:26 pm
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from January 7 to 13, 2022.
Inflation continued to be the concern as retail inflation rate measured by the Consumer Price Index (CPI), surged to 5.59% in December from 4.91% in the previous month. Core Inflation (excluding fuel and volatile food items) continued to be > 6% for the third consecutive month in December. Growth in factory output, as measured by the Index of Industrial Production (IIP), on the other hand, slowed to 1.4% in November compared to 4% in the previous month. Though inflation remains a key concern, the uncertainty looming largely on account of the third wave of Coronavirus would likely take precedence in the MPC meeting in February.
S&P BSE Mid Cap Index closed at 26027.21 with a week’s gain of 2.73% in yesterday’s trading session The midcap segment witnessed a weekly high of 26057 and a low of 25822.1. The S&P BSE Smallcap also closed at 30797.65 with a gain of 2.99%. The smallcap segment witnessed a weekly high of 30837.58 and a low of 30575.68.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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Varroc Engineering Ltd.
|
20.33
|
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Trident Ltd.
|
16.29
|
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Jaiprakash Power Ventures Ltd.
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15.84
|
|
Privi Speciality Chemicals Ltd.
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15.15
|
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Suven Pharmaceuticals Ltd.
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14.55
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The bull rally was led by Varroc Engineering Ltd in the midcap segment. The shares of the company delivered a weekly return of 20.33%. The share price of the company rose from Rs 370.40 to Rs 445.70 during the period. Varroc Engineering Ltd is a global tier-1 automotive component group. The stock is in action since December wherein it has added 51% to its share price.
The top 5 losers from the Midcap segment for this week are as follows:
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CG Power and Industrial Solutions Ltd.
|
-6.77
|
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Minda Industries Ltd.
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-6.59
|
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JK Lakshmi Cement Ltd.
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-5.65
|
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Metropolis Healthcare Ltd.
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-5.06
|
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Radico Khaitan Ltd.
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-4.43
|
The laggards of the midcap segment were led by CG Power and Industrial Solutions Ltd. The shares of the company fell 6.77% from Rs 199.30 to Rs 185.80. The stock was in news as Tube Investments of India Ltd announced its Boards approval to convert 9 crore share warrants in CG Power and Industrial Solutions into equal number of shares.
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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Sadhana Nitro Chem Ltd.
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57.57
|
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Ajmera Realty & Infra India Ltd.
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31.39
|
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Greaves Cotton Ltd.
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31.14
|
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Coffee Day Enterprises Ltd.
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29.15
|
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Pearl Global Industries Ltd.
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25.91
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The top gainer in the Smallcap segment was Sadhana Nitro Chem Ltd. The stock surged astronomically by 57.57% for the week. Share price of the company rose from Rs 67.40 to Rs 106.20 during the period. The stock has rallied 550% in last one year and 133 per cent in the last one month. In yesterday’s trading session the stock hit its fresh 52- week high of Rs 106.20 logging a day’s gain of 10%. SNCL is engaged in the manufacture and marketing of Nitrobenzene and its downstream derivatives and intermediates for various applications in Pharma, Agro, Dyes, Plastic Additives and Epoxy resin hardeners.
The top 5 losers in the Smallcap segment for this week are as follows:
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GNA Axles Ltd.
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-27.93
|
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Raghuvir Synthetics Ltd.
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-18.54
|
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GTL Infrastructure Ltd.
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-9.44
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Hikal Ltd.
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-9.09
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Jaiprakash Associates Ltd.
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-8.82
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The losers of small cap space were led by GNA Axles Ltd. The shares of the company fell from Rs 753.30 to Rs 542.90, registering a loss of 27.93% in the stock price. The stock experienced selling pressure after posting weak profitability numbers for the third quarter. The company reported consolidated sales of Rs 301.27 crore which saw a rise of 9.14%, however, the net profit declined 37.42% to Rs 16.67 crore YoY.
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