BSE Smallcap index hits record high; experts see more upside

Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time highs today

The S&P BSE Smallcap index hit a record high 31,396.64, gaining nearly 1 per cent on the BSE in Wednesday’s intra-day trade after a strong rally in railway, auto and hospitals stocks. In the process, the index surpassed its previous high of 31,304.44, touched on January 18, 2022.

In the past one month, the S&P BSE Smallcap index has outperformed the market surging by 6.6 per cent, as compared to 5.9 per cent rise in the S&P BSE Midcap index and 1.9 per cent gain in the S&P BSE Sensex.

Despite this run, experts see more legs to the rally