Amidst a sideways journey of Sensex, Nifty Smallcap Index is up almost 20% in the last 3 months and at least 18 smallcap stocks have made investors richer by delivering multibagger returns. If the BSE Smallcap index closes this week on a positive note, then this will be the longest gaining streak in its history. The quarterly results season in the smallcap space was better in Q4FY23 due to fall in input and interest costs and pickup in demand. Other factors behind the gold rush in smallcaps include: catching up with largecaps, optimism surrounding the March quarter earnings, and continued support from domestic investors, particularly through mutual funds.
Aurionpro Solutions Limited approves preferential issue to Malabar India Fund, Malabar Midcap Fund equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The board approved allotment of 255,000 equity shares and 425,000 warrants to Malabar India Fund and 45,000 equity shares and 75,000 warrants to Malabar Midcap Fund.
Multibagger stock: An amount of Rs 1 lakh invested in the shares of multibagger Aurionpro Solutions three years ago would have turned into Rs 17.94 lakh today. In comparison, Sensex has risen 90 per cent during the period.