At 152, number of smallcaps with double-digit weekly returns jumps over 3 times
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Domestic markets continued their recovery rally this week, buoyed by positive US economic data, which diminished the likelihood of a US recession. Moreover, positive global sentiments from ceasefire talks between Israel and Hamas, along with a decline in crude prices, contributed to the rally. During the week, as many as 152 smallcap stocks have delivered double-digit weekly gains with nine of them offering over 30% returns. This is more than thrice the number of smallcaps [43] that gained in double-digits last week. Rane Madras was the top gainer in the smallcap pack with a 39% return, followed by SEPC (38%), Shriram Properties (36%), and Tasty Bite Eatables (35%). About 3 stocks, including Nelco, Uflex and TVS Electronics, have offered returns between 25 and 30% during the week. In the midcap segment, three stocks, including Piramal Enterprises, New India Assurance and Voltas, have risen in double digits. While Piramal has gained 11%, N...