Last week, the Indian equity markets recorded their third consecutive week of gains, with the Nifty 50 ending the week with a surge of 228 points, or 1.30%, at 17,828 and is now only 172 points, or 0.95%, away from reaching the crucial 18,000 mark. Similarly, the Sensex finished last week's session with a gain of 598 points, or 1%, and ended at 60,431.
In the last week, 14 stocks in the BSE Small Cap index recorded returns ranging from 15% to 43% during this recent upward trend.
Vinyl Chemicals India saw the highest increase among the index gainers, with a gain of nearly 43%. The stock closed at ₹551.55 apiece during Thursday's intraday trading, continuing a rally for the eighth consecutive trading session.
The stock began its upward journey on March 29 and has since returned nearly 66%, appreciating from ₹332.45 apiece to the current level of ₹551.55.
Mangalam Organics was the second-top gainer in the BSE Small Cap index during the last week, with gains of over 26.5%. The stock has experienced a one-way rally since the beginning of the current month, rising from ₹332 apiece to ₹447, generating an extraordinary return of 34.63%.
Despite such a strong rally, the stock is still down 18.58% in the last six months, and it lost nearly 52% of its value in the last one year period.
Next on the list was a manufacturer of surfactants and specialty products, Aarti Surfactants. After a prolonged fall since September, the stock gained traction on March 28 at around 420.50 apiece, and it continued the same momentum to date by rallying to ₹578.15, delivering a return of close to 37.50%.
During last week, the stock climbed from 470.35 to Rs. 578.15, yielding a return of 22.91%.
With a rally of more than 20%, Xelpmoc Design and Tech emerged as the fourth-top gainer in the BSE Small Cap index. The stock moved from ₹92.75 to ₹115, logging a return of nearly 24%. However, the stock is still 61% lower than its 52-week high of Rs. 295.
Bombay Dyeing & Manufacturing stood as the fifth-top gainer with returns to the tune of 20.4% in the last week. Similarly, shares of Kopran, a pharmaceutical firm, also jumped 19%, rallying from 122.15 apiece to 145.45. The majority of the stock's gains occurred during Tuesday's intraday trade, which saw a spike of 10.31%.
Neogen Chemicals was another small-cap stock whose value has increased from ₹1,297 apiece to the current level of ₹1,605.95, resulting in a gain of 23.82%. On April 11, the stock jumped 14.81% in value, and on the following day it gained another 6.72% to reach a one-year high of ₹1,730.
Neogen Chemicals has entered into a technology licencing agreement with Japan's MU Ionic Solutions Corporation (MUIS) for electrolyte manufacturing in India.
As per its agreement with MUIS, NEOGEN will have perpetual rights to manufacture electrolytes up to 30,000 mt per year in India (in a phased manner, proportionate to the growth in demand), the company said in an exchange filing on April 10.
Other stocks, including D B Realty, Tanfac Industries, Black Box, Balaji Amines, Data Patterns (India), Kingfa Science & Technology, and Seamec, also saw a surge between 15–19% in the last week.
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