31 small-cap stocks gain 10-54% in a flat market amid volatility

31 small-cap stocks gain 10-54% in a flat market amid volatility

In a week of smart recovery, the Indian equity market saw 31 small-cap stocks romping home with 10-54 percent gains, outsmarting a 0.3 percent drop in the Smallcap index.

After a weak start, the market settled with a little change from the previous week on December 24 amid volatility triggered by the raging Omicron infections. The BSE Sensex declined 112.57 points (0.19 percent) to finish at 57,124.31, while the Nifty50 was up 18.55 points (0.10 percent) to close at 17,003.75 levels.

Among sectors, BSE Information Technology index rose 2.7 percent and FMCG and Healthcare indices climbed 1 percent each. However, BSE Oil & Gas, Power and Bankex indices lost over 1 percent each.

Broader indices ended marginally lower with the BSE Midcap index shedding 0.75 percent and Smallcap index down 0.3 percent.

The 31 smallcap stocks bright in the green included PTL Enterprises, Shareindia, Urja Global, Medicamen Biotech, Steel Exchange India, Everest Kanto Cylinder, Prozone Intu Properties and Mahanagar Telephone Nigam.

More than 13 stocks, however, went 10-20 percent into the red. These include Paisalo Digital, Suvidhaa Infoserve, Tata Teleservices (Maharashtra), SVP Global Ventures, Best Agrolife, Barbeque Nation Hospitality, GTL Infrastructure, Rattanindia Enterprises, TeamLease Services, Precision Camshafts, Venus Remedies and CSB Bank.

“The Nifty,