This Friday, the stock market bounced back, helping struggling indices end the week positively. Lower food prices and increased costs for everyday products helped certain sectors do really well. Investors are also excited about more spending from the U.S., which is boosting the tech sector (IT).
Despite a week full of ups and downs, some small companies’ stocks hit their best prices in a year. Here are 8 smallcap stocks that did especially well this week, according to Niftystat:
– Centum Electronics: The stock reached a new high of ₹2,381.20, bringing in returns of 36.8% this week.
– Sunflag Iron and Steel Company: This company’s shares climbed to ₹280, gaining 27% WoW.
– Gokaldas Exports: Stock prices hit ₹1,210, producing a 23.4% increase.
– Greaves Cotton: Their shares reached ₹259.50, resulting in a 22% rise.
– Kitex Garments: The stock reached ₹879.10, giving it a weekly gain of 22%.
– Gujarat Industries Power Company: Shares hit ₹270, bringing in a weekly return of 17.2%.
– Indo Count Industries: The stock reached ₹450.45 this week, giving almost 17% returns.
– Vidhi Specialty Food Ingredients: This stock hit its highest at ₹569.55, resulting in a 15.5% rise this week.
(Information gathered from Ritesh Presswala)
(Heads up: The recommendations and views here are from experts and do not reflect the opinions of Niftystat)
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