BSE Smallcap index hits new high; six stocks rally over 100% in one month

HFCL, OnMobile Global, Zuari Agro, Grauer & Weil, Jindal Worldwide, Apex Frozen, Accelya Solutions, Newgen Software and KRBL rallied between 11% and 20% in the intra-day trade today

Shares of small-cap companies were on a roll on Monday with the S&P BSE SmallCap index hitting a new high of 25,809 on the BSE in the intra-day trade on the back of a strong rally in telecom, agrochemicals, fertilizers, chemicals, information technology (IT), textiles and pharmaceutical stocks.

At 12:09 pm, the S&P BSE SmallCap index was up 0.90 per cent as compared to a 0.70 per cent rise in the S&P BSE Sensex and a 0.29 per cent gain in the S&P BSE MidCap index. In the past one month, the SmallCap index has outperformed the other two