Among individual stocks, Raymond, Ashoka Buildcon, Swan Corp, Himatsingka Seide, and UCO Bank were the biggest wealth destroyers, dropping in the range of 30.5 per cent to 65.78 per cent
At 12:00 PM, the BSE Smallcap index, the top gainer among broader indices, was up 0.89 per cent, as compared to a marginal 0.06 per cent gain in the BSE Sensex.
In the past two trading days, the smallcap index has outperformed the market by gaining 2.2 per cent, as against 1.5 per cent gain recorded by the Sensex and Midcap index.
In the past month, the Smallcap index gained 3 per cent, as against a 1.5 per cent rise in Midcap and a 0.66 up move in Sensex
A total of 18 stocks from the BSE Smallcap index including Eris Life, Apollo Micro, Force Motors, Paradeep Phosphates, India Glycols, EID Parry and Hitachi Energy hit record highs on Wednesday.
Large-caps have become relatively more attractive and there are some opportunities to pick good businesses at attractive valuations, he said
Share prices of Goldiam International, Pokarna, Garware Hi-Tech Films and Pearl Global from the BSE Smallcap index locked in upper circuit of up to 20% on the BSE in Friday's intra-day trade.
However, thus far in the calendar year 2025, the BSE Smallcap index has underperformed the market by falling 20%, as against 14% decline in BSE Midcap index and 4% drop in BSE Sensex.
Analysts expect this painful phase for the small-cap stocks to continue for some more time, at least till the corporate earnings start to show signs of improvement.
Indo Tech Transformers, V2 Retail, Coffee Day Enterprises, Veritas (India) and Rajoo Engineers are others from the BSE Smallcap index locked in their respective lower circuit on the BSE
The BSE Smallcap index has tanked 16 per cent, compared to the 12 per cent decline in the BSE Midcap and the 3 per cent fall in the BSE Sensex, thus far in January
The BSE Smallcap index plunged 13 per cent, as against the 10 per cent decline in the BSE Midcap index, and the 3.3 per cent fall in the BSE Sensex, so far in the month of January 2025
Goldiam International has rallied 9% to Rs 569.50 in intraday trade, zooming 82% in 2 months and PGIL has surged 6% to Rs 1,718.05 in intraday trade, soared 71% in two months.
FIIs were net sellers of over Rs 7,000 crore on Thursday, and their cumulative selling in the past seven trading sessions has exceeded Rs 19,000 crore, raising concerns in the market
Kitex Garments, Reliance Infra, GVK Power, PC Jeweller, Motisons Jewellers, Black Box, Borosil Renewables, Mercury EV-Tech and EKI Energy were also locked in their respective lower circuits
The BSE Smallcap index hit a record high of 57,798.64 in Wednesday's intra-day trade, rallying 11% from a low of 51,952.79 that it touched on November 13, 2024
The BSE Smallcap index slipped 2.5% or 1,346 points to 52,258 in Wednesday's intra-day trade and down 6.7% in the past one week as sustained FIIs selling and earnings disappointment weighed.
Gala Precision Engineering shares hit a record high of Rs 1,105.45, as they surged 17% on the BSE in Wednesday's intra-day trade, zooming 109% against its issue price of Rs 529 per share.
PC Jeweller, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.
Bajel Projects shares rose after the company announced that it has secured its first order for data centres.