Selective small-cap stocks may rally up to 25 per cent, as per their respective charts
In July, the S&P BSE Smallcap index surged 7.4 per cent as compared to 5.7 per cent rally in the Midcap index, and a modest 2.8 per cent gain in the Sensex.
Cites recent sharp rally in the small cap space, says move will lead to gradual deployment of corpus
SmallCap World Fund on Monday offloaded shares of financial services company Aavas Financiers for nearly Rs 111 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), SmallCap World Fund Inc sold more than 7.70 lakh shares, nearly 1 per cent stake in Aavas Financiers. The shares were disposed of at an average price of Rs 1,437.74 apiece, taking the transaction value to Rs 110.77 crore. Meanwhile, Societe Generale acquired 3.96 lakh shares of Aavas Financiers at an average price of Rs 1,427.21 per piece, while other buyers identity is not known. Shares of Aavas Financiers jumped 5.17 per cent to settle at Rs 1,466.10 apiece on the NSE. In two separate open market transactions on June 14 and June 16, SmallCap World Fund Inc sold a 1.6 per cent and 0.90 per cent, respectively, for a combined deal value of Rs 269 crore. AAVAS Financiers Ltd is primarily engaged in the business of providing housing loan to customers
SmallCap World Fund on Wednesday sold a 1.6 per cent stake in Aavas Financiers for Rs 173 crore through an open market transaction. According to the bulk deal data available with the BSE, SmallCap World Fund Inc offloaded more than 12.84 lakh shares, amounting to a 1.6 per cent stake in Aavas Financiers. The shares were sold at an average price of Rs 1,349.94 apiece, taking the deal value to Rs 173.43 crore. Post the latest transaction, SmallCap World Fund's shareholding has been reduced to 6.39 per cent from the 7.99 per cent stake at the end of March. Details of the buyers could not be ascertained. Shares of Aavas Financiers closed on a flat note at Rs 1,351 per piece on the BSE.
The one-way rally in the broader market lasts for 17/18 months (on average) and is followed by a corrective phase of 18-24 months
Stocks setting new 52-week highs demonstrate aggressive chart structures
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
Small-cap schemes only ones to do better than their respective indices in 2022
If investors exit the market now, they could be left on the sidelines when a sustained recovery begins
Listing day gains come despite lukewarm response to IPO
Profit-booking comes to play, investors dump FMCG, pvt banking stocks
If the Nifty small-cap index manages to leap over the 200-day moving average (DMA), this would trigger a positive sentiment in most of the small-cap stocks
Markets faced many headwinds in the latter part of the last fiscal with the emergence of geopolitical tension, inflation concerns and FII selling.
Nifty Smallcap 100 index plunges 6%, extends YTD fall to 17%
Gains in some of the stocks in these two segments have been phenomenal. Shares of Brightcom Group, for instance, zoomed over 2,500 per cent in 2021
Unless there is not a volume-based selling, these stocks could jump as high as 27% in no time.
In the past one month, the S&P BSE SmallCap index has gained nearly 5 per cent, as against a 4.6 per cent rise in the S&P BSE MidCap index and 2.1 per cent rise in the S&P BSE Sensex
Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent
Nifty Smallcap 100 indices gaining 11.9% after rising over 20% in the preceding quarter