FIIs raised stakes in almost 60 percent of firms on the BSE SmallCap index in the March quarter. Out of 1,000 BSE SmallCap index stocks, 596 saw a rise in FII holding
Synergy Green Industries shares are down by 15 percent from their life highs. Mid and smallcap shares have fallen sharply this month on a combination of factors.
The benchmark BSE Smallcap index plunged over 4 per cent, leaving a big hole in retail investor pockets. The selling was so harsh that 1,050 stocks, mostly smallcap and midcaps, hit lower circuit limits on BSE.