Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

These 33 mid, smallcap stocks turned the tide this year to rise up to 240%.


Date: 01-06-2022
Subject: These 33 mid, smallcap stocks turned the tide this year to rise up to 240%
New Delhi: The first five months of 2022 have not been spectacular for Dalal Street, particularly for second-rung stocks, which have faced the wrath of the investors.

BSE midcap and smallcap indices are down by 9 per cent and 12 per cent, respectively, in the year 2022 so far. On the contrary, the BSE Sensex has dropped little less than 6 per cent during the period.

Despite this underperformance, some of the stocks from the midcap and smallcap segment have turned the tide to deliver handsome returns to the investors.

According to data from Ace Equity, as many as 33 stocks have zoomed more than 50 per cent in 2022 so far. Among these, as many as five counters have delivered multibagger returns to the investors.

The underperformance of small and midcap counters can be attributed to the factors such as Russia Ukraine war, rising crude prices, inflation, and persistent selling by foreign investors.

Palka Arora Chopra, Senior Vice President at mastertrust, said that smallcap and midcap stocks lost significant values over the last few months and it is majorly due to the sharp volatility in the equity market.

Adding more to it, Sunil Damania, Chief Investment officer, MarketsMojo, said that post March 2020, the market has done exceptionally well and mid and small caps outperformed the larger peer.

"After a stupendous rise in the share price, some investors decide to book profits," he added. "We are currently seeing corrections in a big and sustainable rally. These stocks will bounce back in the last quarter of 2022."


The list of outperformers is topped by Adani Power, which has zoomed about 242 per cent between January 1 to May 30. The scrip rallied to Rs 340.75 on May 30 from its close at Rs 99.75 on December 31, 2021.

Chennai Petroleum Corporation is another counter which has surged 161 per cent to Rs 268.2 on May 30. The oil refining and marketing had settled at Rs 102.6 in the last session of 2021.

Sharda Cropchem (112 per cent up), BLS International Services (100 per cent up) and Gujarat Ambuja Exports (100 per cent up) are the other multibagger counters.

Source Name:-Economic Times





Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Date: 18-11-2022
Notification No. 58/2022-Customs
Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products.

Date: 18-11-2022
Notification No. 59/2022-Customs
Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel.

Date: 18-11-2022
Notification No. 60/2022-Customs
Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal.

Date: 17-11-2022
Notification No. 97 /2022 - Customs (N.T.)
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 17-11-2022
Notification No. 57/2022-Customs
Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .

Date: 16-11-2022
Notification No. 38/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude.

Date: 16-11-2022
Notification No. 39/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022 , to reduce the Special Additional Excise Duty on Diesel.

Date: 15-11-2022
NOTIFICATION No. 22/2022 – Central Tax
Seeks to make amendments (Third Amendment, 2022) to the CGST Rules, 2017.



Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001