Six smallcap stocks surged over 50% in September. Do you own any?

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Key Points

Equity markets were off to a strong start in the month of September, but turned vulnerable towards the later half amid mounting concerns over oil prices and hawkish Fed commentary...

Six smallcap stocks have delivered over 50% returns, with ITI Ltd topping the charts after a 68% rally..

Throughout the current week, IT stocks underperformed due to adverse global cues, while the pharma sector witnessed strong buying interest as investors adopted a defensive strategy in response to global uncertainties...

"Investors will closely monitor upcoming releases of domestic, US, and Chinese PMI data, among other indicators, as they are expected to shape future market trends," said Vinod Nair, Head of Research at Geojit Financial Services...

"Overall we expect the market to trade in a broader range as the higher oil price has rekindled the worry over inflation and might result in a prolonged high interest rate environment," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services...

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