BSE Smallcap

The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes

Analysts remain cautious on mid-and-smallcap segments and suggest earnings need to catch up before the stocks start to recover

FY22 was the second consecutive year when shareholder payout exceeded annual investment in fixed assets

Shares of Urja Global were locked in the upper circuit for the 15th straight day, up 5 per cent at Rs 18.66, quoting at an all-time high level on the BSE.

Paytm tumbles 27% after weak debut, analysts suggest exiting the stock; Sapphire Foods lists at a 14% premium

Bajaj Hindustan, Praj Ind, Zee Media, Tata Steel BSL, Dhampur Sugar, Gateway Distriparks, Jay Bharat Maruti and Gokaldas Exports have rallied between 60% and 90% in the past month

Though there can be an intermittent correction, stock selection will be key, they say

In the past one week, Bank of Maharashtra and Indian Overseas Bank have surged up to 67 per cent on report that the government has shortlisted four mid-sized state-run banks for privatisation

SORIL Infra, Paisalo Digital, Fineotex Chemical, Rupa & Co, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods rallied up to 20% on the BSE in intra-day trade

Continue to cede ground to family enterprises, private sector firms

The S&P BSE Smallcap index hit a fresh 52-week high of 17,136 on the BSE in intra-day trade today.

Market players said several stocks in the boarder markets were trading at attractive valuations

Indiabulls Real Estate, STC India, Gati, Puravankara, IG Petrochemicals, Apcotex Industries, CARE Ratings, NRB Bearings and Somany Ceramics gained up to 16 per cent in intra-day on the BSE

Of the 685 stocks from the smallcap index, more than half or 429 stocks beat the index by gaining over 16 per cent during the period.

The next time you invest with a fund house do inquire if the portfolio manager has skin in the game

BGR Energy soared 16 per cent to Rs 40.75 after the company announced order win worth of Rs 224 crore.

In the past two weeks, the S&P BSE Smallcap index has outpaced the market by surging 6 per cent, as compared to a 3 per cent rise in the S&P BSE Midcap and 1.3 per cent gain in the S&P BSE Sensex.

Total flows into MFs up 13% to Rs 9,152 crore; Small-cap funds see 56% surge

Tata Steel BSL, Indo Rama Synthetics, Hubtown, Aptech, HDIL and Manpasand Beverages were surging in the range of 15% to 20% on the BSE.

Indiabulls Real Estate, Sadbhav Engg, Can Fin Homes, JM Financial, Srei Infra Finance, Thangamayil Jewellery, Jet Airways, Dhampur Sugar Mills and Avadh Sugar have fallen more than 5% on the BSE.