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After up to 44% rally, charts hint more upside in these mid, smallcap stks

Among individual stocks, Union Bank of India has soared 44% so far in November. Bank of India, Amara Raja Batteries, Redington and Jindal Stainless have also logged strong gains.

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Selective mid-, small-cap stocks have performed relatively better in November so far.

Avdhut Bagkar Mumbai
Domestic markets, so far this month, have exhibited choppy trend as the benchmark indices, the BSE Sensex and Nifty 50 continue to struggle near their respective all-time highs. Volatility has been the order of the day, causing anxiety within the trading community over the likely underlying trend. 

India VIX, a volatility indicator that gauges the market volatility, neared the 12-mark on Wednesday, closer to the September low of 9; thus indicating any reversal could foster more volatility.  

Nonetheless, select mid-, small-cap stocks have performed reasonably well since the start of the current month. Some of them have zoomed over 30

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First Published: Nov 24 2022 | 12:29 PM IST

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