Top 5 gainers and losers in the Midcap and Smallcap segment during this week!

Top 5 gainers and losers in the Midcap and Smallcap segment during this week!

by 5paisa Research Team Last Updated: 2022-03-25T14:34:08+05:30

List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from March 17 to 24 , 2022.

As nervousness loomed largely, the ongoing war and its far-reaching socio-economic impact persisted in the market sentiments. UN downgraded India’s projected GDP growth from 6.7% to 4.6% in line with most economies barring a few South & West Asian oil-producing countries. Back home, Fuel rates were hiked by Rs 2.40 per litre in a span of four days after being held steady for four months. Amid much volatility, benchmark indices BSE Sensex closed up 1.38% or 779 points at 57595.68 while Nifty 50 gained 97 points or 0.59% and closed at 16594.90.

The broader market also witnessed volatility with S&P BSE Mid Cap closing at 23875.61 up 1.28% or 302 points for the week. The S&P BSE Small Cap closed at 27892.67 up 1.85% or 509 points.

Let us have a look at the top 5 gainers and losers in the Midcap space for this week: 

 

Brightcom Group Ltd. 

 

21.44 

 

NIIT Ltd. 

 

19.73 

 

Suven Pharmaceuticals Ltd. 

 

17.48 

 

Zee Entertainment Enterprises Ltd. 

 

15.66 

 

Sterlite Technologies Ltd. 

 

15.18 

 

The bull rally was led by Brightcom Group Ltd in the mid-cap segment. The shares of the company delivered a weekly return of 21.44% from the levels of Rs 70.2 to Rs 85.25. The digital marketing company has been a multibagger of 2021 giving exponential returns of 25X in that year. The shares of the adtech company were locked in upper circuit of 5% for last 10 consecutive sessions. The highly volatile stock has logged a 52-week high and low of Rs 122.88 and 3.49.

The top 5 losers from the Midcap segment for this week are as follows:

Aptus Value Housing Finance India Ltd. 

 

-14.44 

 

Ruchi Soya Industries Ltd. 

 

-13.11 

 

Sunteck Realty Ltd. 

 

-9.72 

 

Aavas Financiers Ltd. 

 

-9.09 

 

JK Cement Ltd. 

 

-8.08 

 

 The laggards of the midcap segment were led by Aptus Value Housing Finance India Ltd. The shares of the company fell 14.44% from Rs 381.9 to Rs 326.75. The company is retail-focussed housing finance company primarily serving low- and middle-income self-employed customer in the rural and semi-urban markets of India. One of the largest housing finance companies in South India in terms of AUM, it got listed in August 2021. At yesterday’s closing price it is trading close to its listing price of Rs 329.95. The stock logged its till date high and low of Rs 394.95 and Rs 283, both in the month of February 2022.

Let us move towards the top 5 gainers and losers in the Smallcap segment:

The top 5 gainers in the Smallcap segment for this week are as follows:

Ganesh Housing Corporation Ltd. 

 

36.83 

 

Ashapura Minechem Ltd. 

 

28.11 

 

PTC Industries Ltd. 

 

19.41 

 

Vishnu Chemicals Ltd. 

 

18.61 

 

Jindal Drilling & Industries Ltd. 

 

15.22 

 

 The top gainer in the Smallcap segment was Ganesh Housing Corporation Ltd. The stock surged 36.83% for the week from the levels of Rs 204.45 to Rs 279.75. Ahmedabad based construction and real estate development company logged its fresh 52 week high in Wednesday’s trading session at 298.10 after rallying 19.98% in the previous session. It further zoomed 10.36% yesterday to finally close for the week at Rs 279.75.

The top 5 losers in the Smallcap segment for this week are as follows:

Dhanvarsha Finvest Ltd. 

 

-18.07 

 

Ramkrishna Forgings Ltd. 

 

-10.43 

 

GTL Infrastructure Ltd. 

 

-9.41 

 

Ashiana Housing Ltd. 

 

-8.13 

 

DB Realty Ltd. 

 

-8.08 

 

The losers of small cap space were led by Dhanvarsha Finvest Ltd Ltd. The shares of the company fell from Rs 130.35 to Rs 106.8, registering a loss of 18.07% in the stock price. The shares of the fintech company tumbled 10.43% on March 22 in anticipation of the outcomes of its EGM held on that day. The board resolved to convert 1,09,55, 555 CCD into equity shares to the promoter group Wilson Holdings Pvt Ltd in the ratio of 1:1. Upon dilution, the promoter holding stands at 65.14% in the company.


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