BSE Smallcap index hits new high; up 50% from November 2016 low

174 stocks from the S&P BSE Smallcap index have become multi-baggers and rallied by more than 100% since November 22, 2016

Shares of smallcap companies continued their upward movement with the S&P BSE Smallcap index hitting a new high of 17,240 on the BSE in intra-day on Tuesday.

The index has rallied 50% from its 52-week low of 11,463 touched on November 22, 2016 in intra-day trade. On 8 November 2016, the Government of India announced the demonetisation, commonly called notebandi, of all Rs 500 and Rs 1,000 banknotes.

As many as 174 stocks from the S&P BSE Smallcap index have become multi-baggers and rallied over 100% since November 22, 2016. Of these 47 stocks zoomed more than 200%