Two smallcap stocks touch new highs; have zoomed up to 49% in past 3 months

In the past three months, Vardhman Special Steels has zoomed 49% and KPIT Technologies has surged 41% as compared to a 3% decline in the S&P BSE Sensex

Shares of information technology (IT) company KPIT Technologies and iron & steel products company Vardhman Special Steels (VSSL) from the S&P BSE Smallcap index touched their respective record highs and rallied up to 6 per cent on the BSE in Friday’s range-bound intra-day trade.

VSSL surged 6 per cent to Rs 403, while KPIT Technologies soared 4 per cent to Rs 913.90 on the BSE in intra-day trade today. Both these stocks have surpassed their previous highs recorded on March 22, 2023. In comparison, the S&P BSE Sensex was up 0.10 per cent at 57,982, at 12:00 PM.