IDFC, MGL, Radico: 5 smallcaps to bet on amid current market volatility

Shares of IDFC, MGL, Radico Khaitan, KEI Industries and Carborundum Universal may rise up to 26 per cent, indicate technical charts

Domestic benchmark indices, the BSE Sensex and Nifty 50 are yet to conquer their crucial moving averages, especially the 50-day moving average (DMA), which they failed to surpass since the beginning of this year.

While the recent reversal has painted a favourable scenario where the indices may succeed in overcoming major moving averages, the bullish trend will be confirmed only critical averages are left behind. 

Meanwhile, there are few stocks in small cap segment that are developing chart structures aim at reaching higher highs , without taking support from the broader market trend.  

This infrastructure development finance company, IDFC is