BSE Smallcap index hits 31-month high; Paisalo Digital zooms 53% in 4 days

SORIL Infra, Paisalo Digital, Fineotex Chemical, Rupa & Co, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods rallied up to 20% on the BSE in intra-day trade

Shares of smallcap companies were on a roll at the bourses on Tuesday with the S&P BSE Smallcap index hitting 31-month high after domestic mutual funds and insurance company acquired select companies' share from open market.

SORIL Infra Resources, Paisalo Digital, Fineotex Chemical, Rupa & Company, Borosil Renewables, Nava Bharat Ventures and Hindustan Foods were up between 10 per cent and 20 per cent on the BSE in intra-day trade. The S&P BSE Smallcap index hit an intra-day high of 18,089, its highest level since May 10, 2018. The index surpassed its previous high of 17,967, touched on December