Smallcaps in Review | From BSE to Angel One, here are the top 10 smallcap gainers of 2023; check full list
In 2023, the Indian stock market opened on a muted note and remained in a downtrend for the first quarter but delivered a smart rally from April onwards. Frontline index Nifty 50 catapulted to newer heights with year-to-date (YTD) returns of over 18 per cent, while mid and small-caps outperformed with 40 per cent and 50 per cent returns respectively.
Among key broader indices, the Nifty Smallcap 250 represents 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation (MCap) companies.
The Nifty Smallcap 250 index represents about eight per cent of the free float MCap of the stocks listed on NSE as on September 29, 2023. The total traded value for the last six months ending September 2023, of all index constituents is approximately 15.5 per cent of the traded value of all stocks on NSE, according to the stock exchange.
In the last one year, the top 10 smallcap gainers logged a double digit rise in their stock prices and rose in the range of 150-350 per cent YTD on the Nifty Smallcap 250. According to Bloomberg data, here are the top 10 smallcap gainers of 2023 and the cumulative change in their share price during 2023:
Here are the top 10 smallcap gainers of 2023:
1.BSE Ltd: At a current market price (CMP) of ₹2,310, the stock has emerged as the biggest smallcap gainer of 2023, logging a sharp 331.93 per cent increase in its stock price.
2.Cyient Ltd: At a current CMP of ₹2,353, the stock has emerged as the second biggest smallcap gainer of 2023, logging a sharp 200.15 per cent increase in its stock price.
3.Zensar Technologies Ltd: At a current CMP of ₹618.80, the stock has emerged as the third biggest smallcap gainer of 2023, logging a sharp 195.20 per cent increase in its stock price.
4.ITI Ltd: At a current CMP of ₹618.80, the stock has emerged as the fourth biggest smallcap gainer of 2023, recording a 193.92 per cent increase in its stock price over the year.
5.JBM Auto Ltd: At a current CMP of ₹1,442.95, the stock has emerged as the fiifth biggest smallcap gainer of 2023, logging a 179.14 per cent increase in its stock price over the year.
6.Mazagon Dock Shipbuilders Ltd: At a current CMP of ₹2,290, the stock has emerged as one of biggest smallcap gainer of 2023, logging a 176.38 per cent increase in its stock price.
7.Sonata Software Ltd: At a current CMP of ₹743.90, the stock has emerged as one of biggest smallcap gainer of 2023, recording a growth of 169.81 per cent increase in its stock price.
8.NLC India Ltd: At a current CMP of ₹252.40, the stock has emerged as one of biggest smallcap gainer of 2023, logging an increase of 169.09 per cent in its stock price over the year.
9.Kalyan Jewellers India Ltd: At a current CMP of ₹342.90, the stock has emerged as one of biggest smallcap gainer of 2023, recording a growth of 164.47 per cent in its stock price.
10.Angel One Ltd: At a current CMP of ₹3,289, the stock has emerged as one of biggest smallcap gainer of 2023, recording a growth of 158.70 per cent in its stock price.
LiveMint reported earlier this month that the Nifty Smallcap 250 index gained more than 10 per cent in November 2023, outperforming the benchmark Nifty 50 index that surged 6 per cent in a remarkable turnaround.
In addition, both Nifty Smallcap 250 and Nifty Midcap 150 indices have outperformed the other indices when compared on a three-month, six-month, and on an annual basis. In the last three months, Nifty Midcap rose 8.64 per cent and Nifty Smallcap 250 was up 11.07 per cent.
In the last six months, both indices have clocked gains of 26.46 per cent and 33.68 per cent, respectively. Finally, even on a 12-month basis, both indices rose 32 per cent and 37.31 per cent, respectively – clocking the highest gains when compared to other major indices including Nifty 50 and Nifty 500, according to domstic brokerage firm Motilal Oswal.
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Published: 26 Dec 2023, 09:23 PM IST
