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: May 13, 2023 - 07:15 pm 786 Views
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List of top 5 gainers and losers in the Midcap and Smallcap segment for the week from May 08 to May 12, 2023.

The frontline index S&P BSE Sensex gained 0.74% or 454.14 points during the week and closed at 62,027.90 on May 12, 2023.

The positive rally was broad-based during the week with S&P BSE Mid Cap gaining 0.67% at 26,200.75. The S&P BSE Small-Cap ended at 29,616.61, gaining 0.51%.

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

  

Intellect Design Arena Ltd. 

17.93 

Firstsource Solutions Ltd. 

15.4 

Elecon Engineering Company Ltd. 

13.94 

Triveni Turbine Ltd. 

12.19 

Zensar Technologies Ltd. 

11.4 

The biggest gainer in the mid-cap segment for the week was Intellect Design Arena Limited. Shares of this IT company rose by 17.93% for the week from the levels of Rs 450.4 to Rs 531.15. The company has delivered a strongest quarter ever. Hence, the rally in the share price is driven because of strong numbers delivered by the company.   

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

Rail Vikas Nigam Ltd. 

-15.09 

Gujarat Ambuja Exports Ltd. 

-13.95 

Latent View Analytics Ltd. 

-9.76 

Ircon International Ltd. 

-8.89 

Apar Industries Ltd. 

-8.53 

 The laggards of the midcap segment were led by Rail Vikas Nigam Ltd. The shares of this PSU fell 15.09% from Rs 141.85 to Rs 120.45. The fall in stock price is pure market driven and Rail Vikas Nigam recently got a project approval for Mumbai Metro.

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:

 

 

Jai Balaji Industries Ltd. 

34.3 

Brightcom Group Ltd. 

27.56 

Onward Technologies Ltd. 

26.85 

Neuland Laboratories Ltd. 

25.43 

Stylam Industries Ltd. 

24.99 

 The top gainer in the Smallcap segment was Jai Balaji Industries Ltd. Shares of this iron and steel company rose by 34.3% for the week from the levels of Rs 59.88 to Rs 80.42. The company has not made any significant announcements of late. Hence, the rally in the share price could be driven purely by the market forces.

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

Indiabulls Real Estate Ltd. 

-17.24 

Future Consumer Ltd. 

-14.05 

Sterling Tools Ltd. 

-12.45 

D-Link (India) Ltd. 

-12.44 

Faze Three Ltd. 

-11.44 

The losers of small cap space were led by Indiabulls Real Estate Ltd. The shares of this real eastate company fell from Rs 68.31 to Rs 56.53 registering a loss of 17.24% in the stock price. The company informed in that the merger of NAM Estates Private Limited and Embassy One Commercial Property Developments Private Limited into Indiabulls Real Estate has been withheld by the National Company Law Tribunal, Chandigarh Bench.

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