The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.
After refusing to leave the party when nifty and senex correct for the last few weeks, small cap stocks suffered jolt early this week. What was striking was the fact that market breadth which was holding tumbled, with more than 90 percent small cap stocks declining in that session. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Even during the last one month of corrective moves in the nifty and sensex witnessed smallcap stocks refused to leave the party. On a number of days the breadth of the small cap segment was and is still better than large caps. Amongst others coming on the list are stocks from agro chemical and FMCG. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.