Small-cap rally: Indiabulls Ventures zooms 1262% in CY17

HEG, VenkyS India, Graphite India, Bhansali Engineering Polymers, Avanti Feeds, Bombay Dyeing, Phillips Carbon Black and Shakti Pumps are some of the other stocks that have rallied 250 - 445% in CY17

The S&P BSE Small-cap index hit its all-time high of 16,869 level in intra-day deals on Monday. The index has gained nearly 40% thus far in calendar year 2017 (CY17). However, the rally in some of the individual stocks that comprise this index has been sharper.

Among the lot, investors have found fancy to Indiabulls Ventures Limited, which has rallied a massive 1262% in this period (till September 15), data from ACE Equity show. Last week, foreign research and brokerage house, CLSA, added the stock in its Asia ex-Japan long-only portfolio.

"A 3% investment will be initiated in