These small cap stocks gained while Sensex fell 7 per cent
Sensex tumbled in the last week, owing to myriad factors. Between September 16 and 24, 2020, Sensex crashed by almost 7 per cent or 2,750 points. During a similar period, BSE Small-Cap index tumbled by around 8.18 per cent. Small-Cap stocks thus underperformed in the previous week.
Investors saw several stocks touching their 52-week lows while many underperformed.
While the negative market sentiment and fall in global indices did spook the investors, certain small-cap stocks managed to shine and give confidence to investors. For investors, it is always profitable to know the pockets that are showing relative strength.
The below table highlights the outperformance of those small-cap stocks that surprised investors when the markets tumbled.
|
Company Name
|
Sector
|
Adjusted PE (x)
|
Returns (%)
|
|
Sept 16 - 24
|
YTD
|
|
Cigniti Technologies Ltd.
|
IT
|
9.08
|
21.86
|
38.73
|
|
Sasken Technologies Ltd.
|
IT
|
6.92
|
20.32
|
25.01
|
|
HSIL Ltd.
|
Construction Materials
|
5.85
|
19.75
|
63.85
|
|
Prince Pipes & Fittings Ltd.
|
Plastic Products
|
10
|
17.53
|
54.52
|
|
Advanced Enzyme Technologies Ltd.
|
Healthcare
|
27.59
|
14.98
|
83.74
|
|
IG Petrochemicals Ltd.
|
Chemicals
|
13.55
|
14.72
|
85.15
|
|
KPIT Technologies Ltd.
|
IT
|
5.33
|
14.1
|
21.66
|
|
Nucleus Software Exports Ltd.
|
IT
|
5.35
|
12.95
|
144.38
|
|
Karda Constructions Ltd.
|
Realty
|
16.66
|
12.64
|
327.69
|
|
Globus Spirits Ltd.
|
Alcohol
|
4.1
|
10.19
|
109.82
|
|
Zensar Technologies Ltd.
|
IT
|
8.44
|
9.87
|
10.96
|
|
Salasar Techno Engineering Ltd.
|
Capital Goods
|
4.69
|
9.8
|
84.5
|
|
Snowman Logistics Ltd.
|
Logistics
|
0
|
7.63
|
-21.78
|
|
Majesco Ltd.
|
IT
|
30.51
|
6.99
|
119.46
|
|
Surya Roshni Ltd.
|
Diversified
|
3.35
|
5.5
|
32.45
|