Small Cap Segment Shows Promising Growth, Top Performers and Upgrades to Watch

Aug 30 2024 02:00 PM IST
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The BSE Smallcap index has seen a 0.72% increase today and a 0.37% growth in the last 5 days, making it the best performer across MCaps. Globus Spirits has been the top performer with a return of 21.06%, while SpiceJet has been the worst performer with a return of -6.08%. The advance decline ratio of stocks in this segment is at 1.49x, indicating a positive sentiment in the market. Several stocks have seen an upgrade in their stock score, including K E C Intl., Finolex Inds., Allsec Tech., Repco Home Fin, and Uflex. Some stocks have also seen a change in their technical outlook, which could be a sign of positive momentum. Investors should keep a close watch on these stocks for potential opportunities.


The small cap segment of the market has been on the rise, with the BSE Smallcap index showing a 0.72% increase today. In the last 5 days, this segment has seen a 0.37% growth, making it the best performer across MCaps. Globus Spirits has been the top performer in this segment, with a return of 21.06%. However, SpiceJet has been the worst performer with a return of -6.08%.

The advance decline ratio of stocks in this small cap segment is at 1.49x, with 591 stocks advancing and 397 stocks declining. This indicates a positive sentiment in the market for small cap stocks.

Investors should keep an eye on the upcoming results of Nagarjuna Fert., which will be declared on 31st August 2024. This could have an impact on the small cap segment.

In recent news, several stocks in this small cap segment have seen an upgrade in their stock score. K E C Intl., Finolex Inds., Allsec Tech., Repco Home Fin, and Uflex have all been upgraded from Hold to Buy. This could be a good opportunity for investors to consider these stocks.

In terms of technical calls, some stocks in this small cap index have seen a change in their outlook. Innova Captab has changed from None to bullish, Yatra Online from None to mildly bullish, Aarti Pharma from None to bullish, Radiant Cash from sideways to mildly bullish, and Archean Chemical from mildly bullish to bullish. This could be a sign of positive momentum for these stocks.

Overall, the small cap segment is showing promising growth and investors should keep a close watch on these stocks for potential opportunities.

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