Smallcap index outperforms for 2nd straight day; 24 stocks hit 52-week high

Shares of smallcap corporations persisted their upward motion for the second one immediately buying and selling session, with S&P BSE Smallcap index outperforming the S&P BSE Sensex on Wednesday.

At 03:10 PM; the S&P BSE Smallcap index, the pinnacle gainer amongst broader indices, become up 1.01 in line with cent, compared to 0.ninety seven in line with cent upward thrust withinside the S&P BSE Sensex. In beyond 4 buying and selling days, BSE smallcap index rallied five.three in line with cent, as in opposition to three.6 in line with cent upward thrust withinside the benchmark index.

Total 24 shares from the BSE Smallcap index hit a 52-week excessive, at the same time as 23 shares have been locked in higher circuit at the BSE. The listing encompass Atul Auto, KEI Industries, Apar Industries, AIA Engineering, Pricol, Neuland Laboratories, SML Isuzu, Vardhman Special Steels and Universal Cables.

Shares of SML Isuzu and Atul Auto rallied as much as 30 in line with cent withinside the beyond  buying and selling days. The shares hit their respective 52-week highs in Wednesday`s intra-day change on reporting wholesome March vehiclemobile income numbers.

SML Isuzu surged eight in line with cent to Rs 954.ninety five at the BSE in intra-day change on Wednesday, zooming 30 in line with cent in over closing  sessions. The inventory of the economic motors business enterprise passed its preceding excessive of Rs 887.80, touched on October 7, 2022. In comparison, the S&P BSE Sensex become up 1 in line with cent all through the equal period.

The business enterprise suggested a fifty nine in line with cent year-on-year (YoY) bounce in overall income at 2,169 devices in March 2023. It had offered overall 1,363 devices in March 2022.

Shares of Atul Auto soared eight.four in line with cent to Rs 401 nowadays, surpassing its preceding excessive of Rs 397.70, touched on February 17, 2023. In the beyond  buying and selling days, the inventory has rallied 28 in line with cent after the three-wheeler maker suggested a pointy surge in overall month-to-month income.

Shares of Pricol jumped five in line with cent to hit a document excessive of Rs 228.60 in intra-day change nowadays because of heavy volumes. In the beyond 10 buying and selling days, the inventory of the car components & equipments business enterprise has zoomed 30 in line with cent. Today, it passed its preceding excessive of Rs 219, touched on February 17, 2023.

The common buying and selling volumes at the counter jumped three-fold. A blended 2.7 million shares, representing 2 in line with cent of overall fairness of Pricol, modified arms at the NSE and BSE.