These small-cap stocks made a fresh 52-week high on Wednesday.

These small-cap stocks made a fresh 52-week high on Wednesday.

by 5paisa Research Team Last Updated: Apr 04, 2022, 02:38 PM IST

Some of the small-cap stocks made a fresh 52-week high for themselves, indicating relative strength when the overall market traded weakly.

The BSE smallcap index on Wednesday tumbled by more than 2% on the closing basis. Deepak Nitrate, Aarti Industries, IEX, Dixon Technologies and Navin Fluorine put together contributed the most to the BSE smallcap index losses.

The chemical sector stocks featured amongst the top losers in Wednesday's trading session. Speculators and investors started to doubt the quality of earnings of the so-called high growth chemical sector companies. The results of Navin Fluorine were disappointing and that led to investors discounting poor earnings for the rest of the chemical pack including Deepak Nitrate, which led to a frenzied sell-off in the counter- pushing the stocks down by more than 11% in a single session.

Deepak Nitrate single-handedly contributed to almost 40 points losses for the BSE smallcap index which slipped by more than 683 points on Wednesday.

While the advance-decline ratio was in favour of the declines with as many as 2428 stocks declining versus 887 stocks advancing, there were at least 178 stocks that made a fresh 52 week high in Wednesday's trading session. As many as 29 stocks made a fresh 52-week low in Wednesday's trading session. We find that at least 201 stocks hit the upper circuit on October 20, while at least 289 stocks hit the lower circuit.

Here is the list of some of the trending small-cap stocks that made a fresh 52-week high in Wednesday's trading session where the broader markets tanked more than the frontline indices:

Sr No   

Stock Name   

LTP   

Price Gain (%)   

1  

Transport Corporation of India   

561.15  

17.78  

2  

Paras Defence and Space Technologies   

990.4  

10  

3  

AMD Industries   

39.4  

8.09  

4  

Sangam (India)   

244.95  

4.99  

5  

CG Power   

136.85  

4.99  

6  

Bombay Metrics Supply Chain   

131.6  

4.99  

7  

Bodhi Tree Multimedia   

128.6  

4.98  

8  

Digjam   

19  

4.97  

9  

Jindal Poly Investments  

144.65  

4.97  

10  

DB Realty   

44.5  

4.95  

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SENSEX
54,052.61
-236.00 (-0.43%)
Nifty 50
16,125.15
-89.55 (-0.55%)
Nifty Bank
34,290.15
42.55 (0.12%)

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