Shares of GMR Airports Infrastructure surged about 5 per cent to Rs 72.30 on Monday, hitting its new 52-week high, with a total market capitalization of more than 43,000 crore.
Smallcap stocks have trailed Nifty by 20 per cent in the past 18 months. Most markers suggest that the underperformance cycle is halfway through, said Nuvama Institutional Equities.