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: Dec 14, 2022 - 12:54 am 23.5k Views
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List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from June 24 to 30, 2022.

The week closed with the end of H1CY22 amid much volatility. It began on a positive note but towards the end gave in to weak sentiments. “In the Indian economy, high frequency indicators point to a gradual but unevenly strengthening recovery in the first quarter of 2022-23, in spite of headwinds from the geopolitical situation, elevated commodity prices, especially of crude oil, and volatile financial conditions, as global spillovers endeavour to unsettle the domestic financial markets with bouts of turbulence,” financial stability report (FSR) of the Reserve Bank of India (RBI) stated.

Benchmark Index S&P BSE Sensex closed for the week at 53,018.94 which is higher by 1.44% or 753 points.

The broader market also extended gains during the week with S&P BSE Mid Cap closing at 21,713.24 up 1.11% or 238 points for the week. The S&P BSE Small Cap closed at 24,786.42 up by 2.69% or 650 points.

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



Bajaj Electricals Ltd. 




BASF India Ltd. 




Grindwell Norton Ltd. 




Sundaram-Clayton Ltd. 




Gujarat Ambuja Exports Ltd. 




 Bajaj Electricals Ltd. was the biggest gainer in the mid-cap segment for the week. The shares of the company delivered a weekly return of 11.1% from the levels of Rs 914.95 to Rs 1016.55. The press release by the company on June 29 announced the appointment of Ravindra Singh Negi as Chief Operating Officer (COO) of its Consumer Products Business and Rajesh Naik as Head of the Lighting Business. The reorganisation and strengthening of the company’s leadership was driven by the aim for more aggressive growth and to drive operational excellence across businesses.

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

Brightcom Group Ltd. 




Indian Energy Exchange Ltd. 




Elgi Equipments Ltd




Indiamart Intermesh Ltd. 




Borosil Renewables Ltd. 




 The laggards of the midcap segment were led by Brightcom Group Ltd. The shares of the company fell 9.83% from Rs 35.10 to Rs 31.65. This Adtech stock has been bleeding on the bourses for many weeks. The stock has shed 53.18% in last one month while 65.81% in last 3 months. The stock has given multibagger returns last year where it shot from the levels of Rs 11.45 to Rs 122.88 in less than six months rising exponentially by 9X.YTD, the stock currently stands corrected by 67.68%.

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

Dhanvarsha Finvest Ltd. 




Shalimar Paints Ltd. 




Orient Bell Ltd. 




GRM Overseas Ltd. 




Steel Exchange India Ltd. 




 The top gainer in the Smallcap segment was Dhanvarsha Finvest Ltd. The stock surged a mindboggling 69.98% for the week from the levels of Rs 63.30 to Rs 107.60. Last week on June 23, the shares of Dhavarsha Finvest hit fresh 52-week low at Rs 60.25 and this week the stock witnessed a trend reversal at lower levels wherein its upper circuit of 20% in 2 consecutive sessions on June 27 & 28. On June 29, the company announced the resignation of Karan Neale Desai, as Whole Time Director and Chief Business Officer of the company with effect from June 30.

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

SEPC Ltd. 




DB Realty Ltd. 




JTEKT India Ltd. 




Johnson Controls - Hitachi Air Conditioning India Ltd. 




MTAR Technologies Ltd. 




The losers of small cap space were led by SEPC Ltd. The shares of the company fell from Rs 9.57 to Rs 8.50 registering a loss of 11.18% in the stock price. Shriram EPC Ltd continued its weak financial performance in Q4 wherein net sales were lower by 44% at Rs 92.39 crore and Net Loss more than doubled at Rs (128) crore on a YoY basis.

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