Top 5 Small-cap stocks to watch out for in April: Can they deliver Alpha returns? Find out now!

Are you looking for Alpha returns in April? Check out the Top 5 Small-cap stocks to watch out for and find out if they deliver!

The Indian stock market is off to a flying start in April, with the Nifty surging ahead in the first week of the new series. The benchmark index posted its biggest single day rally since November, buoyed by broad-based buying and an uptrend in Asian counterparts. The bulls remain firmly in control, as the index closed well above the crucial resistance level of 17250.

Investors are feeling more optimistic after recent turmoil in the US and European banking industry has eased, and the return of foreign institutional investors to the domestic market has bolstered sentiment. Additionally, falling US bond yields have given investors further confidence to take on riskier assets.

Looking ahead, the market will be closely watching the RBI policy meet and the upcoming Q4FY23 earnings season. But, there's more to this story than just the Nifty. The BSE Small-Cap index has a remarkable track record of delivering gains in April, with an average gain of 7 per cent since 2006.

In fact, the Small-cap index has hit a hat-trick of gains in the last three years, making it an interesting segment to keep a close eye on. With this in mind, we've compiled a list of the top five Small-cap stocks to watch for in April based on their seasonality performance.