Smallcap stocks have shown continuous upward momentum over the past five days. Indo Thai, Veranda, Nuvama, Lumax, and Max Estates delivered good returns to investors, boosting market enthusiasm and investor interest.
Stock Market: While large-cap and mid-cap stocks usually garner attention in the stock market, some small-cap stocks performed exceptionally well this week. These stocks showed continuous upward momentum over the past five trading days, offering investors opportunities for good returns. Let's find out which small-cap stocks captured investors' attention this week.
Market Performance
The stock market remained somewhat volatile this week. On Friday, the market closed with gains. The Sensex opened at the 80,684 level and closed at the 80,207 level with a gain of 0.28 percent by the end of the day. Meanwhile, the Nifty 50 opened at the 24,759 level and closed at the 24,894 level with a gain of 0.23 percent by the end of the day.
However, only two out of the five trading sessions this week closed in the green. Despite this, some small-cap stocks showed continuous upward momentum, creating opportunities for investors.
Indo Thai Securities
The first name on this week's list is Indo Thai Securities. This stock saw an increase of up to 23 percent over the past five days. On Friday, the stock also experienced significant upward movement, closing at Rs 306.5 with a gain of 4.52 percent.
The continuous rise in Indo Thai Securities has attracted investors' attention. Small and mid-sized investors showed confidence in this stock and capitalized on its performance.
Veranda Learning Solutions
The second name is Veranda Learning Solutions. This stock saw an increase of up to 13 percent over the past five days. On Friday, the stock also witnessed a surge, closing at Rs 242.90 with a gain of 7.68 percent.
Veranda Learning Solutions' consistent performance indicates that stocks in the education and training sector remain attractive to investors.
Nuvama Wealth Management
The third name is Nuvama Wealth Management. This stock saw an increase of 12 percent over the past five days. On Friday, the stock closed at Rs 6726 with a surge of 3.66 percent.
Nuvama Wealth Management's performance offers opportunities for investors, especially those interested in the financial services and investment management sector.
Lumax Industries
The fourth name is Lumax Industries. This stock saw an increase of up to 11 percent over the past five trading days. On Friday, the stock also witnessed a surge of 3.75 percent, closing at Rs 5310.
Lumax Industries' performance provides an important signal for investors looking to invest in the industrial and automotive sectors.
Max Estates
The fifth and final name is Max Estates. This stock saw an increase of 8 percent over the past five days. On Friday, the stock closed at Rs 496 with a gain of 5.75 percent.
Max Estates' consistent performance offers investment opportunities in the real estate sector. Small and mid-sized investors showed confidence in this stock and capitalized on its good returns.
