New Document top_band
 
Business Standard

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.

Read more on:    Hdil | Mid-cap | Small-cap | Bse | Videocon Ind
Related News

Shares of mid and companies have continued their northward journey, with both the S&P and small-cap indices touching their respective fifteen-month highs, though the benchmark indices – the S&P BSE 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 mid-cap 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 small-cap index have rallied between 9% and 16% each on the BSE.

At 1110 hours, the S&P BSE mid-cap and S&P BSE small-cap 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 BSE Sensex. Both these indices are trading at their highest levels since January 2013.

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 a 3.4% rise in the benchmark index. The S&P BSE 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 BSE Small-cap Index had touched a high of 14,239 and Mid-cap 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.
 

Read more on:   
|
|
|
|

Read More

Indusind Bank slides as FII investment limit hits trigger

The stock is currently trading at Rs 496, down Rs 15 or 3%, on the BSE

Quick Links

 

Market News

Incentives likely for MF distributors

Regulator working on a proposal for revising the existing commission framework

L&T dips 7% after poor Q1 show

Citi, Deutsche downgrade the stock

Markets rise marginally, pharma players impress

The Sensex gained 0.37% or 96.19 points to 26,087.42, while the broader Nifty ended 0.55% or 42.7 points up at 7,791.40

New tech gives a boost to shrimp farming in Punjab & Haryana

Farmers have now started commercial prawn farming, spread over 20 acres this year

Cashew processors resent lack of government support

Lack of government support has been a dampener for the cashew processors, who are operating on thin margins for being unable to export their ...

Back to Top