As many as 200 smallcap stocks surged up to 60 per cent

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Just in the past one week

Ahmedabad. Saturday, June 20, 2020

As many as 200 smallcap stocks in the BSE Smallcap Index have also risen by 10 to 20 per cent during the last week, led by fund-led heavyweights like Reliance, Maruti and Bajaj Finance.

All these adverse factors have been discounted during the bullish move led by selected heavyweight stocks amid the Koro epidemic, rating downgrade, global recession and India-China friction.

In this favorable environment, even selected smallcap stocks rose by 10 to 20 per cent in 12 stocks in the BSE Smallcap Index, which saw fresh gains.

Last week, the BSE Sensex and Nifty improved by around 3%. The BSE Smallcap Index was up 2.4 per cent and the BSE Midcap Index was up 1.4 per cent.


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