Is the worst behind us? Small caps turn fruitful on D-street

The Sensex, which closed 600 points down on Friday, June 24, has made a good recovery on an intraday basis on June 27. Sensex as at 1.12 pm was up by 52 points. It looks like the Indian markets have shown a good symptom of recovery after the global event. On the BSE, the advance decline ratio is looking positive with 1226 advances and 248 declines.

Of them all, Adhunik Industries is the major gainer amongst all and has gained as much as 15 per cent as at 2.09 pm. Sun Pharma Advance Research Company Ltd., is also amongst the gainers in the segment and has gained as much as 13 per cent. Dhampur sugar mills has also gained in double digits at 10.44 per cent. The markets look very well poised and early signs of recovery are quite visible at this point of time.

It looks like Indian markets have consolidated the effect of BREXIT and certainly there are no major triggers in the upcoming months apart from US general elections. With the monsoon picking up in the country the markets in the near term are expected to be green. The top gainer Adhunik Industries is trading at Rs 70 as at 2.42 pm, the shares' 52 week high/low stands at Rs 170/53, which makes the stock undervalued and therefore a high growth stock. On the other hand, Sun Pharma Advanced Research is trading at Rs 341.15.