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BSE Mid, Small-Cap indices hit 15-month high

In the past one month, both the S&P BSE mid-cap and small-cap indices have outperformed the market by surging 10% and 13% respectively, as compared to 3.4% rise in benchmark index.

SI Reporter  |  Mumbai 

Shares of mid and companies have continued their northward journey, with both the S&P and indices touching their respective fifteen-month highs, though the benchmark indices – the S&P Sensex and the CNX Nifty are struggling to maintain the uptrend.

Reliance Capital, Videocon Industries, Gujarat Gas Company, India Cements, Hindustan Copper and MMTC from the index are trading higher by more than 5% each, while Dredging Corporation of India, STC India, BEML, Advanta, Punjab and Sind Bank and Sterlite Technologies from the index have rallied between 9% and 16% each on the

At 1110 hours, the S&P and S&P indices are up less than 1% each at 7,367 and 7,367 points respectively as against to 0.68% decline in benchmark S&P Sensex. Both these indices are trading at their highest levels since January 2013.

In the past one month, both the S&P and indices have outperformed the market by surging 10% and 13% respectively, as compared to a 3.4% rise in the benchmark index. The S&P Sensex had touched a record high of 22,792 on April 10.

However, both these indices are still far away from their all-time highs touched in 2008. The S&P Index had touched a high of 14,239 and Index had hit 10,246 during January 2008.

Out of 548 sample stocks in the midcap and smallcap index stocks, 185 stocks are currently available 50% below their January 8, 2008 prices, while 74 scrips are trading lower by 20-50% from their 2008 levels. 

Videocon Industries, HDIL, Reliance Capital, MMTC, Unitech, HDIL, Suzlon Energy, National Aluminium, Aban Offshore, Bajaj Hindustan and Punj Lloyd are among few notable stocks currently trading 60-90% below their January 2008 prices.
 

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