14 stocks gain over 30% in a week;PC Jeweller,Dhanlaxmi Bank surge over 60%
RCom, Adani Power, Bombay Dyeing, DB Realty, KEI Industries, Usha Martin and Kalpataru Power Transmission were among 14 stocks, rallied more than 30% during the current week.
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Illustration by Binay Sinha
A sharp turn in mid and small-cap index stocks have seen the market price of 14 companies rally more than 30% during the current week, taking cues from falling oil prices, strengthening of the rupee, strong inflows from domestic mutual funds and easing of US-China trade war fears.
PC Jeweller, Dhanlaxmi Bank, Reliance Communications, Adani Power, Bombay Dyeing & Manufacturing Company, DB Realty, KEI Industries, Usha Martin and Kalpataru Power Transmission were among 14 stocks, rallied in the range of 30% to 66% during the current week.
The S&P BSE Midcap and Small-cap index, were up 1.6% each today at 01:23 PM; outperforming the S&P BSE Sensex in the current week. The midcap (up 8.3%) and smallcap (up 7.2%) were up more than 6%, as compared to 5% gain in the benchmark index, thus far during the week. The midcap and smallcap index have recovered 11% and 9%, respectively, from their respective 52-week lows touched on October 9, 2018, on the BSE in intra-day trade.
Domestic mutual funds invested Rs 239.76 billion in Indian stock markets in October, a record monthly inflow taking advantage of the correction in the market. Their total investments thus far in the current calendar year touched Rs 1.12 trillion, data shows.
PC Jeweller, Dhanlaxmi Bank, Reliance Communications, Adani Power, Bombay Dyeing & Manufacturing Company, DB Realty, KEI Industries, Usha Martin and Kalpataru Power Transmission were among 14 stocks, rallied in the range of 30% to 66% during the current week.
The S&P BSE Midcap and Small-cap index, were up 1.6% each today at 01:23 PM; outperforming the S&P BSE Sensex in the current week. The midcap (up 8.3%) and smallcap (up 7.2%) were up more than 6%, as compared to 5% gain in the benchmark index, thus far during the week. The midcap and smallcap index have recovered 11% and 9%, respectively, from their respective 52-week lows touched on October 9, 2018, on the BSE in intra-day trade.
Domestic mutual funds invested Rs 239.76 billion in Indian stock markets in October, a record monthly inflow taking advantage of the correction in the market. Their total investments thus far in the current calendar year touched Rs 1.12 trillion, data shows.