Since February 29, 2016, the smallcap index rallied 43% against 41% surge in midcap and 25% rise in the benchmark index.
Tata Teleservices Maharashtra (TTML), TRF, Tata Metaliks and Tata Sponge from Tata Group have rallied between 5% and 20% on the BSE.
Adhunik Industries, Manali Petrochemicals, Minda Industries, Steel Strips & Wheels (SSWL), Karnataka Bank, Gati, Snowman Logistics, Federal Bank, Aurionpro Solutions, Jindal Stainless and Lincoln Pharmaceuticals from the smallcap index have surged up to 20%.
TTML has locked in upper circuit of 20% at Rs 8.02 on back of heavy volumes after media report suggest that Tata withdraws objection to arbitration award in favour of Docomo. CLICK HERE TO READ FULL REPORT.
The trading volumes on the counter jumped more than 10-fold with a combined 60.38 million shares changed hands on the BSE and NSE so far.
Jindal Stainless was up 9% to Rs 60, extending its 6% gain in past two trading sessions after the company allotted 19.2 million compulsory convertible warrants (CCW) at Rs 39.10 per CCW to Virtuous Tradecorp Private Limited, a promoter group, on preferential basis.
Meanwhile, out of total 778 stocks 141 scrip have become multi-baggers, gaining more than 100% in past one year. As many as 200 stocks were up in the range of 50% to 99% and 40 between 44% and 49%.