52 Smallcap stocks offer double-digit returns in record-breaking week for markets
Equity benchmarks had a remarkable performance in the last week of June, ending the month with gains of 3.5%. The rally was driven by strong Foreign Institutional Investors (FIIs) flow and the advance of the southwest monsoon, which boosted investor sentiments.
During the week, as many as 52 smallcap stocks delivered double-digit returns with eleven of them surging over 20%.
JBM Auto was the top gainer in the smallcap pack with 32% return, followed by Karnataka Bank (24.7%), Pearl Global (23.9%) and Jay Bharat Maruti (23%).
About 41 stocks, including JK Tyre, Tips Industries, Sarla Performance Fibers, Force Motors, Lancer Container Lines, Jupiter Wagons, Kalyan Jewellers, Shilpa Medicare, Dreamfolks Services, Prakash Industries among others rose 10-20% during the week.
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The article is for information purposes only. This is not an investment advice.
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