Of the 46 stocks, about 29 smallcap stocks scaled fresh 52-week highs in the last week. Some of the popular names in the smallcap list are SpiceJet, Latent View Analytics, SeQuent Scientific, Morepen Laboratories, Bliss GVS Pharma, SML Isuzu, Anand Rathi Wealth, Edelweiss Financial Services, Prataap Snacks, and 63 Moons Technologies.
Analysts believe that the recent RBI s risk-weight revisions for banks and NBFCs may also have supported insurance company shares. The RBI s action raised the risk weights to 125% for NBFCs and 150% for banks, which will affect their profitability.