Top 5 gainers and losers in the Midcap and Smallcap segments this week!
5paisa Research Team
Last Updated: 4th April 2022 - 02:59 pm
List of top 5 gainers and losers in the Midcap and Smallcap segments for the week; 22nd to 28th October 2021.
On account of expensive valuations, concerns over inflation and policy stance by RBI, the Indian stock market became jittery, logging its biggest single-day loss in six months on Thursday with the Sensex losing 1158 points or 1.54% to close at 59984. The Sensex is trading at a high PE of 31.46 which is above its historical levels which is a concern for the market. Profit booking was seen across stocks on account of rising fear and discomfort at a high valuation and weak global clues.
The S& P BSE Midcap and the BSE Smallcap 100 have plunged close to 2.25% and 2.06% respectively during the week. On Thursday, October 28, S&P BSE Midcap closed at 25236. while S& P BSE Smallcap closed at 28090.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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Tatva Chintan Pharma Chem Ltd.
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21.6
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National Standard (India) Ltd.
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21.55
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Tanla Platforms Ltd.
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20.66
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Hikal Ltd.
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17.25
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TTK Prestige Ltd.
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17.19
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The bull rally was led by Tatva Chintan Pharma Chem Ltd in the midcap segment. The shares of the company delivered a weekly return of 21.60%. The share price of the company rose from Rs 2132.05 to Rs 2592.60 during the period. The speciality chemical manufacturer has come out with an IPO in July this year. The upswing in stock price during the week was largely led by the Q2 results declared on October 28, which further fueled the rally on the back of strong results. It reported 105.9% growth in total revenues (consolidated) for Q2 on a YoY basis and 15.72% on a sequential basis at Rs 123.62 crore. The consolidated PAT was 9x on YoY at Rs 32.41 crore. The sharp growth was largely attributable to 2x sales growth and efficient working capital management.
The top 5 losers from the Midcap segment for this week are as follows:
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IRB Infrastructure Developers Ltd.
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-18.35
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Rail Vikas Nigam Ltd.
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-14.75
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Dhani Services Ltd.
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-13.07
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Vaibhav Global Ltd.
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-11.09
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GR Infraprojects Ltd.
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-10.72
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The laggards of the midcap segment were led by IRB Infrastructure Developers Ltd. The shares of the company declined 18.35% from Rs 293.15 to Rs 239.35. In the last two trading sessions the shares shed 19.5%, eroding the gains of 38.6% registered last week. The company on Tuesday reported a consolidated net profit of Rs 42 crore for Q2 against a net loss of Rs 20 crore on a YoY basis. The company also announced raising a total of Rs 5347 crore through preferential issue of equity shares to Cintra INR Investment BV and GIC Singapore’s sovereign wealth fund.
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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Kwality Pharmaceuticals Ltd.
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21.55
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EKI Energy Services Ltd.
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21.38
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Tilaknagar Industries Ltd.
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21.38
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Aptech Ltd.
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18.1
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Astra Microwave Products Ltd.
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17.59
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The top gainer in the smallcap segment was Kwality Pharmaceuticals Ltd which saw 5% gain in the last 4 trading sessions, each making weekly gains of 21.55% from the levels of Rs 870 to Rs 1057.45. The stock has given multibagger returns in just a year’s time of 1788% from the levels of Rs 56 to Rs 1057. In just one month the stock rallied up by 118% (September 2021) and continued to rise by 26.3% in October. The Remdesivir manufacturer’s stock has been surging astronomically due to the high demand for the drugg in the pandemic.
The top 5 losers in the Smallcap segment for this week are as follows:
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Paras Defence And Space Technologies Ltd.
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-18.54
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Gopala Polyplast Ltd.
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-18.54
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Equippp Social Impact Technologies Ltd.
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-18.48
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DB Realty Ltd.
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-17.45
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Indo Count Industries Ltd.
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-15.99
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The uncertainty of the stock market sentiments is reflected in the oscillating performance of last week’s top gainer, which apparently is this week’s top loser in the small cap space. After registering astronomical rally of 74%, the shares of Paras Defence And Space Technologies Ltd saw profit booking in the market which dragged the price at Rs 986.90 from Rs 1211.50.
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