Spencer s Retail Limited announced that Mr. Neelesh Bothra has tendered his resignation from the position of Chief Financial Officer of the Company with effect from January 20, 2024, due to his.
The caution is advised as certain sectors appear to be in overbought territory potentially setting the stage for profit-booking. This could notably impact mid and small-cap equities, says Om Mehra, Technical Analyst, SAMCO Securities.
Nifty closed the week higher for the 6th consecutive week, the swing has cooled off in the past few days and the Nifty index has consolidated during the same time
During the week, 58 smallcap stocks delivered double-digit weekly returns with Spencer Retail surging as high as 51%. It was followed by BCL Industries (35.6%), 63 Moons Tech (27.6%), and Inox Wind (26.4%).