37 smallcap stocks offered double-digit weekly returns in bearish market
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Indian stock market continued to experience consolidation due to heightened selling pressure from foreign investors, driven by concerns over weak corporate earnings and premium valuations. But, bucking the downturn, about 37 smallcap stocks delivered double-digit weekly returns during the week, with three of them offering over 25% returns. JSW Holdings was the top gainer in the smallcap pack with nearly 57% returns, followed by Avalon Technologies (34%) and ITI (33.2%). About 31 stocks including Innova Captab, Tilaknagar, Dhami Services, DCM Shriram, Raghav Productivity Enhancers, Vijaya Diagnostic Centre, NIIT, CarTrade Tech, Ramco Industries, Indian Metals and Ferro Alloys have offered returns between 10% and 20% during the week. Only three stocks in the midcap segment — Paytm, Dixon Technologies, and Page Industries — have risen in double digits. While Paytm has gained 11%, Dixon and Page were up just over 10% each. From the Sensex pac...