75 smallcap stocks that have offered double-digit weekly returns in bearish market

Several smallcap stocks in India have offered double-digit weekly returns amidst weak global cues. Repro India has offered the highest returns at nearly 45%, followed by Aurionpro Solution and Shakti Pumps. The midcap segment has not witnessed any stock rising in double digits, but Ramco Cements led the segment with 9.66% gains. Despite the lack of decisive direction, the Indian domestic market closed positively. Investors would continue to look for global cues to understand market direction and earnings growth. The market is expected to resume its upward journey, supported by positive global cues.

RVNL was the top gainer in the smallcap pack with nearly 58% return, followed by Ganesh Housing Corp (50.4), Ircon International (37%), and MSTC (35%).

As many as 60 smallcap stocks gave double-digit weekly returns in a buoyant equity market, with Rail Vikas Nigam leading the smallcap category with 38% returns. Benchmark indices ended the week high, with both Sensex and Nifty gaining over 2% in the past five days, supported by strong Q4 results from banking giants. In the BSE500 space, 22 companies delivered double-digit returns to the investors. Analysts predict the current rally will continue, with the Nifty heading towards 18,500 in May, recommending investors to stick to the strategy of buying on dips.

The Nifty remains just 573 points from its all-time peak of 18,887.60 thanks to foreign institutional investors (FIIs) pouring over INR23,000 crore into Indian stocks so far in May. Despite their positive influence, investors remain sceptical over interest rate movements, particularly linked to the uncertainty of demand slowdown in China and recession fears in the US. This week will see market participants react to macroeconomic data and global cues, along with monitoring big names such as Bharti Airtel, SBI and ITC endorsing Q4 earnings season.

Around 52 smallcap stocks delivered double-digit returns and Manoj Vaibhav Gems was the top gainer at 43%. It is followed by eMudhra and Vadilal Industries, whose shares jumped 40% and 25%, respectively.

About 57 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. Jaiprakash Associates was the top gainer in the pack with nearly 40% return, followed by SEPC Ltd (35.1%), Greenlam Industries (29.6%), and Apollo Micro Systems (25%).

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%).

Only eight stocks in the smallcap space delivered double-digit returns. Black Box was the top gainer in the week with 20.64% returns.

Prakash Industries was the top gainer from the smallcap pack with nearly 35% returns, followed by Koopran (33.3%), Titagarh Rail Systems (28.5%), and Jupiter Wagons (26.2%).

Positive macroeconomic data helped domestic markets, with the Nifty falling just short of all-time high levels. During the week, 26 BSE500 stocks provided double-digit returns, with Brightcom Group leading the way at 27%, followed by Wockhardt with 26%.