BSE Smallcap index hits new high; crosses 20,000 mark

Uttam Galva, JVL Agro, Gujarat Ambuja Exports, Ducon Infra, Quick Heal, India Nippon Electricals, Jayant Agro Organics, Morepen Lab and Kiri Industries were up in the range of 8% to 15% on BSE

The S&P BSE Smallcap index hit a new high, crossing 20,000 marks on BSE on Thursday, after a strong rally in information technology (IT), construction, metals, textiles, auto ancillaries and chemical stocks.

At 11:16 AM; the S&P BSE Smallcap index, the largest gainer among broader indices, was up 0.78% at 20,059, as compared to 0.46% rise in the S&P BSE Midcap and unchanged in the benchmark S&P BSE Sensex at 34,429. The smallcap index hit a new high of 20,062, surpasses its previous high of 19,997 recorded on Wednesday in intra-day trade.

Uttam Galva Steels, JVL Agro Industries, Gujarat Ambuja Exports, Ducon Infratechnologies, Quick Heal Technologies, India Nippon Electricals, Jayant Agro Organics, Morepen Laboratories and Kiri Industries from the BSE smallcap index were up in the range of 8% to 15% on BSE.

Five companies, Prakash Industries, Uttam Galva Steels, Sanwaria Consumer, GM Breweries and South Indian Bank, from the smallcap index thus far declared their December 2017 (Q3FY18) results have reported strong set of numbers. These companies posted an aggregate net profit of Rs 84 crore in Q3FY18 against a net loss of Rs 106 crore in Q3FY17.

The net profit of Prakash Industries, GM Breweries and Sanwaria Consumer more than doubled, while Uttam Galva Steels reduced its losses during the quarter under review.

Meanwhile, in past one week, the market price of Infinite Computer Solutions (India), Som Distilleries & Breweries, Subros, Coffee Day Enterprises, Indosolar, Aban Offshore, KSK Energy Ventures, Sri Adhikari Brothers and Jindal Drilling have rallied more than 25%.

COMPANY	LATEST	PREV CLOSE	GAIN(%)
JVL AGRO INDUS	36.15	31.55	14.58
GUJ. AMBUJA EXP	269.85	236.90	13.91
UTTAM GALVA	24.05	21.20	13.44
QUICK HEAL	399.35	362.40	10.20
DUCON TECH	51.80	47.10	9.98
INDIA NIPP.ELEC.	1194.80	1093.20	9.29
KIRI INDUS.	662.25	609.00	8.74
JAYANT AGRO ORG.	459.55	424.45	8.27
MOREPEN LABS.	40.30	37.30	8.04
SONATA SOFTWARE	302.50	280.20	7.96
SOM DISTILLERIES	253.90	235.55	7.79
SYMPHONY	2153.30	2000.80	7.62
BALAJI AMINES	763.00	709.00	7.62
ABAN OFFSHORE	269.00	250.50	7.39
JINDAL SAW	173.50	161.60	7.36
BGR ENERGY SYS.	150.40	140.20	7.28
VENKY'S (INDIA)	2650.00	2471.45	7.22
JAI CORP	217.35	203.00	7.07
GARWARE-WALL ROP	985.20	921.95	6.86
UCAL FUEL SYS.	322.00	301.65	6.75
CUPID	377.00	352.90	6.83
GULSHAN POLYOLS	96.20	90.15	6.71
XCHANGING SOL.	68.50	64.30	6.53
UCAL FUEL SYS.	320.00	301.65	6.08
JUBILANT LIFE	823.00	776.10	6.04
GE POWER	902.50	852.05	5.92
IFB INDS.	1523.15	1439.30	5.83
SUBROS	433.15	410.45	5.53
UDAIPUR CEMENT	32.60	30.90	5.50
LYCOS INTERNET	8.90	8.44	5.45
REL. INDL. INFRA	655.05	621.65	5.37
GENUS POWER	79.50	75.55	5.23
INDIAN ACRYLICS	21.40	20.35	5.16
HIMADRI SPECIALT	193.00	183.65	5.09
MOSCHIP SEMICON.	45.60	43.40	5.07