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Indian markets faced pressure from Middle East concerns, impacting smallcap stocks' returns. Top gainers included Moschip Technologies, Solara Active Pharma, and Dhani Services.
During the week, 58 smallcap stocks delivered double-digit weekly returns with Spencer Retail surging as high as 51%. It was followed by BCL Industries (35.6%), 63 Moons Tech (27.6%), and Inox Wind (26.4%).
The number of smallcap stocks which delivered double-digit gains during the week further fell to just 22. In the previous week, about 40 stocks had seen a double-digit rally, which too was a drop from about 100 double-digit gainers in the preceding week. Only three smallcap stocks have offered returns over 25% in this week. Further, about three of them rallied between 20-25%.
Three stocks during the week have delivered over 25% returns with ITI being the top gainer with a rally of 58%. About 36 stocks have delivered 10-20%
As we move into a new year, examine whether the current market environment is conducive for investing in smallcap stocks.