look news india
In the second half of February, SEBI itself had raised concerns about overvaluation of mid-cap and small-cap stocks, but these stocks have continued to outperform benchmark indices in the stock market, leading to tough competition. In the month of April, Sensex rose by one percent, while BSE Midcap Index rose by 7 percent and Smallcap Index rose by 10 percent.
Among small cap stocks, about 500 stocks have given double digit returns this month. Among these shares, Purvachandra has given the highest return with 86 percent. After that Dolat Agrotech, Vari Renewable and Tejas Network have given returns of more than 70 percent. Apart from this, a total of 13 stocks including Moschip Technologies, Manorama Industries, Sanmit Infra, Abans Holdings, Uken India, Indraprastha Medical Corp, Aegis Logistics, Gallant Ispat have given returns of 50 to 70 percent. A total of 52 midcap stocks have given double digit returns in April. Exide Industries registered the highest increase of 55 percent this month. Apart from this, stocks like Voltas, Aditya Birla Capital, IREDA have given returns of more than 30 percent.
Talking about the stocks included in Sensex, out of the three stocks giving highest returns, two are from the banking sector, which include SBI and Axis Bank. As a Sensex constituent, shares of Mahindra & Mahindra were among the top gainers this month, rising 12 per cent.
Talking about sectoral index, a lot of growth was seen in the metal sector this month and an increase of more than 10 percent has been recorded in the index of this sector. Apart from this, PSE shares have also given good returns.
