Key Points
As many as 47 smallcap stocks have offered double-digit weekly returns as equity markets faced resistance in the face of weak global cues...
Among the smallcap pack, Repro India has offered highest returns by some distance at nearly 45%, followed by Aurionpro Solution and Shakti Pumps, which rose 30% and 27%, respectively...
Apart from the above, three other stocks in the smallcap space -- Dev Plastiks Industries (25%), Kokuyo Camlin (24%), and Indo Amines (24%) -- have offered over 20% returns during the week...
According to analysts, Nifty stocks that have reported results so far witnessed earnings growth of 9.7%, falling short of the estimated 10.6%, while the Nifty 500's earnings improved by 11.7% compared to the estimated 8.9%, indicating the outperformance of mid- and smallcaps...
Siddhartha Khemka of Motilal Oswal expects the market to resume its upward journey after taking a pause this week, backed by positive global cues, and consistent FII buying.. Technically, Nifty formed a hammer pattern on the daily chart, indicating a potential trend reversal..
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