Top ten small-cap gainers of May 2022: Do you own it?

Top ten small-cap gainers of May 2022: Do you own it?

Shreya Chaware
/ Categories: Trending, Mindshare

In an otherwise negative and volatile market, the small-cap stocks have delivered returns up to 31 per cent in May 2022.

May 2022 turned out to be a volatile month for the equity markets. The benchmark indices dropped up to 7 per cent during the month but recovered towards the end of the month. Sensex closed the month 2.47 per cent lower whereas Nifty ended 2.84 per cent down.  

The continuous selling by foreign portfolio investors (FPI) in India touched new heights in May 2022. The monthly net outflows were recorded at Rs 45,276 crore, the second-biggest single-month outflow since March 2020, as per data shown on the website of National Securities Depository Limited (NSDL). 

In the broader markets, the Mid-Cap, as well as the small-cap indices, underperformed the benchmark indices, closing the month of May 2022 lower by 4.77 per cent & 7.02 per cent, respectively. The small-cap & mid-cap indices comprised stocks that have characteristics like high growth, high return, and high volatility.  

In an otherwise negative and volatile market, the small-cap stocks have delivered returns up to 31 per cent in May 2022. The top three stocks comprise TD Power Systems, WPIL, and Sterling Tools, gaining up to 31.09 per cent, 27.54 per cent & 25.1 per cent, respectively.    

Following is the list of top-performing small-cap stocks in May 2022: 

Company name 

Sector 

Latest market cap (Rs crore) 

Returns for May 2022 (per cent) 

TD Power Systems Ltd 

Capital Goods 

1,422.21 

31.09 

WPIL Ltd 

Capital Goods 

1,137.62 

27.54 

Sterling Tools Ltd 

Automobile & Ancillaries 

699.23 

25.1 

Lumax Industries Ltd 

Automobile & Ancillaries 

1,121.59 

24.75 

Voltamp Transformers Ltd 

Capital Goods 

2,298.71 

21.15 

Raymond Ltd 

Textile 

6,546.53 

18.23 

AIA Engineering Ltd 

Capital Goods 

21,360.26 

16.76 

Orient Bell Ltd 

Construction Materials 

833.22 

16.59 

Banco Products (India) Ltd

Automobile & Ancillaries 

1,167.18 

15.87 

TCPL Packaging Ltd 

FMCG 

835.79 

15.48 

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