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