18 stocks rise 10-50% even as Sensex falls 1% in 5 days

Stocks which gave double-digit returns include names like Kellton Tech, Atul Auto, Capital Trade, HCC, JSW Holdings, Nelco, Dwarikesh Sugar, and Adhunik Industries.

It was the 1st week of 2019 and things went south for the bulls. The S&P BSE Sensex broke below its crucial support at 36,000 and closed with losses of little over 1 percent for the week ended January 4.

The S&P BSE Small-cap index which fell by about 23 percent outperformed Sensex, Nifty as well as the S&P BSE mid-cap index. The index fell by 0.09 percent, compared to a 1.2 percent fall in the Nifty and 1.39 percent drop seen in the S&P BSE Mid-cap index.

Living to their name, big returns in small packets, small-cap stocks which were beaten down last year managed to buck the trend as 18 stocks gave 10-50 percent return in 5 trading sessions.

Stocks which gave double-digit returns include names like Kellton Tech, Atul Auto, Capital Trade, HCC, JSW Holdings, Nelco, Dwarikesh Sugar, and Adhunik Industries.

In terms of losers, as many as 9 stocks fell in double digits which include names like Tolta India, Jet Airways, Mcnally Bharat, Dena Bank, IL&FS Engineering etc. among others.

“Sense and sanity appear to be back in mid and small-cap space as their participation in recent times has improved on the back of positive chart formations,” Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in told Moneycontrol.

“They can remain market performers and selectively few can outperform going forward. Hence, long-term investment can be considered in quality names from this space as worst appears to be over,” he said.

In the S&P BSE 500 index, there were hardly gainers. Quess Corp rose 13 percent while on the losing side, as many as four stocks fell in double digits which include names like Dena Bank (down 16%), Eicher Motors (down 12%), Future Retail (down 12%), and Jet Airways (down 11.2%).

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