Top 5 gainers & losers in the Midcap & Smallcap segment in week of 1 t0 7 April
5paisa Research Team
Last Updated: 8th April 2022 - 02:58 pm
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from April 1 to 7, 2022.
The week oscillated between the positive sentiment of mega-merger of HDFC Ltd with HDFC Bank which led the Sensex and Nifty to breach 60,000 and 18,000 mark, respectively but week global sentiments acted as dampener – ongoing war, newer and stricter sanction on Russia leading to soaring oil prices, rising inflation and most importantly US Deb aggressive stance to hike the rates(50bps) and to shrink its balance sheet by USD 95 billion a month, the Indian market much like its global peers traded in weakness. Benchmark indices S&P BSE Sensex closed at 59034.95 up 0.8% or 466 points while Nifty50 at 17639.55 up 1% or 175 points.
The broader market also witnessed volatility with S&P BSE Mid Cap closing at 25069.81 up 4% or 962 points for the week. The S&P BSE Small Cap closed at 28215.65 up 1.16% or 323 points.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
|
Swan Energy Ltd.
|
41.59
|
|
Shree Renuka Sugars Ltd.
|
36.18
|
|
Suzlon Energy Ltd.
|
26.06
|
|
Easy Trip Planners Ltd.
|
23.2
|
|
Tejas Networks Ltd.
|
21.36
|
The bull rally was led by Swan Energy Ltd. in the mid-cap segment. The shares of the company delivered a weekly return of 41.59 per cent from the levels of Rs 191.4 to Rs 271.
Swan Energy was also locked in the upper circuit of 20% in Wednesday’s trading session. It logged its 52-week high of Rs 290 on Thursday, April 6. The company which was previously engaged in the manufacture and marketing of cotton and polyester textile products has since forayed into Real estate and is developing a Floating Storage and Regasification Units -based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. The company’s board had approved the allotment of over 1.96 crore shares for about Rs 318 crore to promoter group and non-promoters on a preferential basis by converting the loan of the same amount.
The top 5 losers from the Midcap segment for this week are as follows:
|
Ruchi Soya Industries Ltd. |
-13.22
|
|
TeamLease Services Ltd.
|
-7.45
|
|
Gujarat Alkalies And Chemicals Ltd.
|
-7.44
|
|
Sundram Fasteners Ltd.
|
-7.2
|
|
Blue Dart Express Ltd.
|
-6.63
|
The laggards of the midcap segment were led by Ruchi Soya Ltd. The shares of the company fell 13.22% from Rs 943.55 to Rs 818.85. The shares saw a huge sell-off by HNIs applicants of the FPO to book profit on the attractive spread, prior to listing on Friday, April 8. The stock tumbled 13.7% on Wednesday alone, however gained 8.3% on Thursday's session. Patanjali Ayurved-promoted Ruchi Soya had hit the market with Rs 4,300-crore follow-on public offering (FPO) which will start trading on Friday.
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:
|
BLS International Services Ltd.
|
33.01
|
|
Onmobile Global Ltd.
|
30.95
|
|
Ashapura Minechem Ltd.
|
30.65
|
|
Ramco Systems Ltd.
|
27.29
|
|
Pearl Global Industries Ltd.
|
26.26
|
The top gainer in the Smallcap segment was BLS International Services Ltd. The stock surged 33.01% for the week from the levels of Rs 245.05 to Rs 325.95. The company has a global presence and diversified range of services, counts amongst the top three global players in visa application outsourcing, with its presence in visa/passport/consular/citizen services with 62 countries and 36 government clients.
The top 5 losers in the Smallcap segment for this week are as follows:
|
AVT Natural Products Ltd.
|
-10.43
|
|
GRM Overseas Ltd.
|
-9
|
|
DB Realty Ltd.
|
-8.1
|
|
Nahar Poly Films Ltd.
|
-8.06
|
|
GHCL Ltd.
|
-7.75
|
The losers of small cap space were led by AVT Natural Products Ltd. The shares of the company fell from Rs 131.35 to Rs 117.65 registering a loss of 10.43% in the stock price. After logging its 52-week high on Friday, April 1, at Rs 135.20, the shares of AVT Natural saw profit booking. A part of AV Thomas Group, the company is engaged in manufacturing food safe natural flavour and colour, and is the largest exporter of Marigold oleoresins in the world.
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