Manappuram, MGL: Select small-cap stocks are poised for bigger upside

Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts

Benchmark indices, the BSE Sensex and Nifty 50, have remained directionless in recent sessions, but selective small-cap stocks have held their positive trend firmly. While the uncertainty continues to haunt the trading community, with volatility dampening their confidence, shares such as Manappuram Finance, Bharat Dynamics, IDFC, Mahanagar Gas and KPIT Technologies continue to see accumulation near their respective key levels.

Shares of KPIT Technologies have hit new historic peak of Rs 913.90 a few sessions ago, while IDFC shares touched a new 52-week high this month. 

Mahanagar Gas and Manappuram Finance are not letting recent up move to perish. Both