Subdued start to the result season by IT sector combined with uptick in crude oil prices affected the broad market trend. However, the benchmark indices logged gains during the week, taking comfort in easing domestic inflation. During the week, around 58 smallcap stocks offered double-digit weekly returns with five of them offering over 25% returns.
Lloyds Engineering was the top gainer in the smallcap pack with nearly 44.54% return, followed by Digispice Technologies (40.04%), MPS (37.8%), and Optiemus Infracom (28.7%). About 7 stocks including Sanghi Industries, Jai Balaji Industries, and HCL Infosystems have offered returns over 25% during the week.
During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).
Markets likely to remain buoyant next week; Nifty breaching 15,900 will hold key freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.