Top 5 gainers and losers in the Midcap and Smallcap segment during this week!
List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from September 16 to 22, 2022.
The week was marked with the Fed hiking interest rate by 75 bps while signalling tighter monetary policy ahead to combat inflation. The rupee closed for the week at Rs 80.87 against the dollar, its weakest in 2022. On the YTD basis the domestic currency has weakened by 8%. At D-street, the frontline index S&P BSE Sensex gained 0.4% or 279 points during the week and closed at 59119.72 on September 22, 2022.
The broader market also closed stronger during the week with S&P BSE Midcap closing up by 1.18% at 25,859.88. The S&P BSE Small Cap also ended at 29,377.35 higher by 178 points or 0.6%.
Let us have a look at the top 5 gainers and losers in the Midcap space for this week:
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Shree Renuka Sugars Ltd.
|
21.74
|
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Welspun Corp Ltd.
|
18.2
|
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KPIT Technologies Ltd.
|
16.21
|
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Metro Brands Ltd.
|
15.1
|
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Sterling and Wilson Renewable Energy Ltd.
|
13.63
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The biggest gainer in the midcap segment for the week was Shree Renuka Sugars Ltd. Shares of this FMCG stock rose by 21.74% for the week from the levels of Rs 49.45 to Rs 60.2. Shares of Shree Renuka Sugars have been witnessing positive momentum in the last one month taking the yearly returns to 115.18%. During the week the company informed that the expanded capacity for ethanol production from 720 KLPD to 1250 KLPD, is expected to go on stream by December 2022. It was also informed that India Ratings & Research has reaffirmed the rating of long‐term bank facilities availed by the company and Non‐Convertible Debentures issued by the company at IND A-/Positive.
The top 5 losers from the Midcap segment for this week are as follows:
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Can Fin Homes Ltd.
|
-14.68
|
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Fortis Healthcare Ltd.
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-10.67
|
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Tata Investment Corporation Ltd.
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-8.38
|
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Mangalore Refinery And Petrochemicals Ltd.
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-7.52
|
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KIOCL Ltd.
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-7.27
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The laggards of the midcap segment were led by Can Fin Homes Ltd. The shares of the company fell 14.68% from Rs 635.65 to Rs 542.35 after after its MD & CEO Girish Kousgi resigned stating personal reasons. On September 19, the company informed the stock exchanges that Kousgi would continue to function as the MD & CEO of the company and discharge his duties till the date of his relieving. Uncertainty surrounding the upcoming management team exerted selling pressure on the stock, wiping of 14.68% of the stock price during the week.
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:
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Dish TV India Ltd.
|
32.42
|
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DB Realty Ltd.
|
21.42
|
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Lancer Containers Lines Ltd.
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20.38
|
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AGI Greenpac Ltd.
|
17.16
|
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Power Mech Projects Ltd.
|
14.84
|
The top gainer in the small cap segment Dish TV India Ltd. Shares of broadcast satellite service provider Dish TV rose steeply to 32.42% for the week from the levels of Rs 15.33 to Rs 20.3. The rally was triggered as Chairman Jawahar Lal Goel, the younger brother of Essel Group founder Subhash Chandra, resigned from the company's board. The exit of the promoter family Essel Group paved the way for YES Bank (top shareholder), which has been pushing for a board overhaul.
The top 5 losers in the Smallcap segment for this week are as follows:
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Vinyl Chemicals (India) Ltd.
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-18.54
|
|
Sindhu Trade Links Ltd.
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-18.22
|
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Marathon Nextgen Realty Ltd.
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-10.17
|
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Balmer Lawrie & Company Ltd.
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-10.02
|
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Garware Hi-Tech Films Ltd.
|
-9.65
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The losers of smallcap space were led by Vinyl Chemicals (India) Ltd. The shares of this Pidilite Group company fell from Rs 915.25 to Rs 745.65 registering a loss of 15.21% in the stock price. After rallying 145% in the last one month, the stock witnessed profit booking from September 19, after logging a fresh all-time high on that day at Rs 952.10. The stock hit the lower circuit of 5% in four consecutive sessions after hitting back-to-back upper circuits in earlier sessions.
Share Market Today
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| S&P ASX 200 | 7676.00 | 34.8 (0.46%) |
| CAC 40 | 8105.78 | 65.42 (0.81%) |
| DAX | 18137.65 | 276.85 (1.55%) |
| Dow Jones | 38498.39 | 258.41 (0.68%) |
| FTSE 100 | 8046.40 | 19.85 (0.25%) |
| Hang Seng | 16828.94 | 317.24 (1.92%) |
| US Tech Composite | 15693.96 | 237.65 (1.54%) |
| Nikkei 225 | 37552.09 | 113.55 (0.3%) |
| S&P 500 | 5070.03 | 59.43 (1.19%) |
| Gift Nifty | 22430.00 | -28 (-0.12%) |
| Shanghai Composite | 3021.98 | -22.62 (-0.74%) |
| Taiwan Weighted | 19599.28 | 188.06 (0.97%) |
| US 30 | 38502.70 | 249.6 (0.65%) |
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