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The Nifty is trading at a PE of 22.95 its trailing 12-month earnings, whereas the Nifty Midcap100 and Nifty Smallcap 100 indices are trading at PE of 36 and 27 times, respectively.
Of the 46 stocks, about 29 smallcap stocks scaled fresh 52-week highs in the last week. Some of the popular names in the smallcap list are SpiceJet, Latent View Analytics, SeQuent Scientific, Morepen Laboratories, Bliss GVS Pharma, SML Isuzu, Anand Rathi Wealth, Edelweiss Financial Services, Prataap Snacks, and 63 Moons Technologies.
In this week, BSE Sensex gained 0.26 percent or 175.31 points to ends at 65,970.04, while Nifty50 rose 62.9 points or 0.31 percent to close at 19,794.7.
The BSE Midcap index fell by 2.51% to hit a seven week low of 31,082 in Monday's trade, while the BSE SmallCap index also hit a seven-week low by dropping 4.18% to 36,602, marking the largest intraday fall since September 12.
For Monday, share market analysts at a few brokerages have assigned 'Buy' calls on RITES, Tata Motors, Jamna Auto Industries and Sequent Scientific. Check share price targets, analysis, investment rationale and other crucial details about these technical bets.