Among the Nifty gainers were IndusInd Bank, Adani Enterprises, Tata Steel, Eicher Motors and Infosys

Among the Nifty gainers were Hindalco, Sun Pharma, BPCL, Ultra Tech Cement and HDFC Bank while Bharti Airtel, Cipla, Divis Labs, Apollo Hospital and HUL were among the top losers.  

The speciality chemicals company with the market capitalisation of about Rs 1,900 crore is now in a structurally uptrend phase as per the technical chart.

On Friday, Sensex tanked 452.90 points to close at 59, 900.37, while the Nifty 50 dropped 132.70 points to close at 17,859.45. Among the Nifty gainers were Britannia, M&M, Reliance, BPCL and Bajaj Auto, while, TCS, JSW Steel, InusInd Bank, Bajaj Finserv and Tech Mahindra were among the top losers

On Thursday, the Sensex tanked 304.18 points to close at 60, 353.27, while the Nifty 50 dropped 50.80 points to close at 17,992.15. Among the Nifty gainers were Hero Motorcop, Cipla, NTPC, ITC and JSW Steel, while, Bajaj Finance, Bajaj Finserv, ICICI Bank, Titan Company and Infosys were among the top losers. 

Despite the volatile action in the broader market, fundamentally good quality Smallcap stocks have seen strong buying interest from the investors as many hit their fresh 52-week high levels at the start of the New Year.

Today, the stock of this company was locked at 20 per cent at Rs 12.24 per share.

The stock is up by 114.29 per cent in one year while BSE Sensex is up by 9.16 per cent in one year.

Monte Carlo Fashions is a popular apparel retailer and garments manufacturer with a market capitalisation of about Rs 1,500 crore. The company has been catering to the ever-growing demands of the clothing and fashion industry in India.   

Technically, the stock has registered a strong price volume breakout from its 57-week cup & handle pattern, which is considered strongly bullish over a medium-long term.