Nifty Smallcap Index hits record high after 13% recovery in a month — These are the top gainers – CNBC TV18
SUMMARY
From CDSL to Angel One, these are some of the top gainers on the Nifty Smallcap index since November as the index hit a record high on Wednesday.
1 / 9The Nifty Smallcap 100 index hit a record high of 19,664 in the early minutes of trade on Wednesday, scaling a new peak after previously doing so in September. Having topped on September 6, the index saw a correction of over 10% from those levels before making a low of 17,367 on November 18. Since then, the index has recovered 13% from those levels.
2 / 915 out of the 100 stocks on the Nifty Smallcap index have gained over 20% from the lows of November, while 48 stocks have seen gains between 10% to 20% during this period. Only five stocks have delivered negative returns from November 18 till date, with Aegis Logistics (down 7.5%) and Amber Enterprises (down 6.5%) among the prominent names. Here is a look at the top Smallcap gainers from the lows of November 18 till date:
3 / 9Swan Energy is the top gainer on the Smallcap Index from the lows of November 18. The stock has surged 34% during this period and is the only stock with returns of over 30% over the last three weeks.
4 / 9Angel One is the second best performer as the stock continues to recover from its lows. The discount broker’s shares have risen 28% from the November lows but the stock still remains below its own all-time high.
5 / 9Triveni Turbine is the third-best performer on the index over the last month with gains of over 28%.
6 / 9Raymond has seen volatile moves since the demerger of its lifestyle business. Shares have returned 27.5% during this period but the stock continues to remain below its all-time high of close to ₹2,400.
7 / 9CDSL is one stock that has been making new highs as capital market linked names continue to outperform. The stock has gained 27% during this period and has already surged over 100% so far in 2024, making it the third calendar year since its listing in July 2017 that the stock has more than doubled in value in a calendar year.
8 / 9Garden Reach Shipbuilders is the outperformer among its shipbuilding peers as this too is rebounding after correcting nearly 60% from its own peak it hit in August this year. The stock has risen 26% from the lows of November till date.
9 / 9Among other gainers on the index include the likes of HBL Power Systems and ITI, both of which have gained 26% each, while Sonata Software, Data Patterns, Zee Entertainment and IRCON International shares have gained 21% each.
