Top 5 small and mid-cap performers of FY19
In the fiscal year 2018-19, the Indian Stock market went through a roller coaster ride due to various reasons such as geopolitical tension, trade war, liquidity crisis caused by IL&FS default, rising crude oil prices and weakening of INR.
Despite all these turmoil, the broad market index BSE Sensex has delivered healthy 16.3 per cent return, one of the reasons for this stellar return is a revival in FII sentiments who invested hugely into Indian equities ahead of the general elections.
On the other hand, BSE Small-cap and Mid-cap indices failed to deliver even a positive return. The Small-cap Index posted a negative 14 per cent return for overall FY19 while BSE Mid-cap posted negative 4 per cent return during the same period.
Even though BSE Small-cap and Mid-cap indices ended the fiscal year 2018-19 in negative return, there were some stocks from the said universe which not only posted positive return but also surpassed the broad market index with flying colours.
The following are the top 5 stocks from Mid-cap universe which posted stellar return in FY19:
(Source: ACE Equity)
The following are the top 5 stocks from Small-cap universe which posted stellar return in FY19:
(Source: ACE Equity)