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Buzzing stocks: Small-caps rally on SEBI announcement

Geyatee Deshpande
/ Categories: Mindshare, DSIJ Academy
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Buzzing stocks: Small-caps rally on SEBI announcement

In the previous two trading sessions, the broader markets outperformed with an increased focus on the stocks of small-cap companies.

The rally was witnessed after SEBI made an announcement so that the multi-cap schemes remain true to their tag. SEBI has made it mandatory for multi-cap funds to invest 25 per cent each in large, mid, and small-cap stocks. In the current scenario, the multi-cap funds have an exposure to large and mid-cap, which is in compliance with the new regulations but are underweight on small-caps. As a result of the extra light put on small-cap investments, small-cap stocks have been buzzing.

Gaining from the recent rally, the shares of many companies touched their respective fresh 52-week highs on BSE. The list includes Syngene International Ltd, Quick Heal Technologies, Deepak Nitrite Ltd, Amber Enterprises India, APL Apollo Tubes, Persistent Systems, Firstsource Solutions, Radico Khaitan, etc.

BSE Small-Cap index surged by 4.03 per cent on Monday itself and is now up by nearly 5.53 per cent, as witnessed in the last two trading sessions. The index has recovered by gaining by almost 73.33 per cent post the sharp drop in March 2020 and is up by 11.55 per cent on a YTD basis.

Top SmallCap gainers

Company Name

Sector

Returns (%)

LTP (Rs)

52 Week High Price (Rs)

Sept 11 - 15, 2020

1 Year

Ramkrishna Forgings Ltd.

Automobile & Ancillaries

21.89

-7.13

276.7

415.8

Aegis Logistics Ltd.

Logistics

21.39

29.25

247.7

266.95

Indoco Remedies Ltd.

Healthcare

21.09

60.34

267.85

285

IDFC Ltd.

Finance

20.74

-5.02

34.05

40.5

Birla Corporation Ltd.

Diversified

19.55

23.24

714.35

807.6

Vinati Organics Ltd.

Chemicals

19.44

4.25

1193

1255.5

Syngene International Ltd.

Miscellaneous

18.19

75.08

561.75

594.75

Quick Heal Technologies Ltd.

IT

18.09

28.58

156.35

158.25

Quess Corp Ltd.

Miscellaneous

17.41

-4.75

438.25

639.05

Deepak Nitrite Ltd.

Chemicals

16.95

209.6

857.6

870

Amber Enterprises India Ltd.

Consumer Durables

16.79

145.81

2064.7

2114.25

IFB Industries Ltd.

Consumer Durables

16.7

-5.49

641.05

798.15

APL Apollo Tubes Ltd.

Iron & Steel

16.43

117.9

2819.65

2836.95

Orient Electric Ltd.

FMCG

16.36

45.9

226.15

286.45

Blue Star Ltd.

Consumer Durables

15.82

-3.51

699.65

887

Persistent Systems Ltd.

IT

15.81

104.52

1171

1239

Metropolis Healthcare Ltd.

Healthcare

15.77

58.82

2027.05

2110

Avanti Feeds Ltd.

FMCG

15.65

50.95

545.75

769.9

Procter & Gamble Health Ltd.

Healthcare

15.29

30.79

5655.5

5683

Firstsource Solutions Ltd.

IT

13.93

36.69

73.2

74

CCL Products (India) Ltd.

Agri

13.82

12.43

280

293.8

Century Plyboards (India) Ltd.

Construction Materials

13.62

21.25

183.15

191.8

Skipper Ltd.

Capital Goods

13.37

-16.74

47.5

62.9

Radico Khaitan Ltd.

Alcohol

12.54

44.68

443.45

447.25

La Opala RG Ltd.

Construction Materials

12.43

28.9

225.7

251.6

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