Despite August’s prevailing bearish sentiments and widespread sell-off, a select group of smallcaps in the BSE Smallcap index managed to brave the storm, charting an ascent as high as 55% over the month. In contrast, the BSE Smallcap index concluded August down by 3.7% and recorded a further slump of almost 3% in the shortened trading week.
Yatra Online, a leading player in the travel space, turned heads with its impressive 55% rally during August, although it experienced a minor 0.60% dip this week. The smallcap index harbors a number of growth stories that sometimes fly under the radar, and Yatra Online’s recent run certainly puts it in this category.
Apollo Micro Systems, a well-known name in the field of electronic hardware and software solutions, was another name that made waves. Its shares shot up by 51% in August’s turmoil and continued to ride the momentum in the current week with a further 12% uptick.
In the energy sector, a particular firm known for its electrical automation, metering, and measurement services defied trends and registered a substantial 45% surge in share price last month. However, there was some pullback this week with a slight 3.4% decline.
Shaily Engineering Plastics, too, had a strong showing during August. Its shares accumulated gains amounting to 41% over the month and maintained a positive trajectory this week, securing an additional 6%.
The shares of HBL Engineering, a prominent company based on research and manufacturing, also stood out with a commendable monthly performance. Following a substantial 38% jump over the course of the month, there was a modest 1% weekly increase.
BlackBuck, a multifaceted platform known for its payment, telematics, and vehicle financing services, wasn’t left behind. Its shares posted a 37% rise on a monthly basis, while recording a barely noticeable dip of just over 1% this week.
A notable watchmaking firm also left a mark in August, posting a solid 36% increase in share value throughout the month. The momentum carried forward this week, with shares ticking up by an additional 14%.
Sarda Energy & Minerals marked an impressive 33% growth in August, matching the performance of their more glamorous peers. However, the share price remained stable this week, showing no significant changes.
Closely associated with manufacturing and exporting niche-grade manganese-based ferro alloys, this entity is the mainstay of the Sarda Group and captured investor attention with a 28% surge in August. The share price did not witness any major movements this week.
Additionally, a certain PSU stock also recorded noteworthy gains last month. Despite logging a successful 28% rise in its share price in August, there was some profit booking noted this week as the stock retracted 6%.
This organization is known for mining low-grade iron ore at Kudremukh, Karnataka, drawing a unique clientele. Despite the tumble experienced by many, this PSU Delight rode the ups and downs of the volatile market.
Aditya Vision, a multi-brand consumer electronics retail chain with roots in Bihar, added to the list of August’s outperformers. It logged a notable 28% rise while the share price held steady this week, indicating no significant intraweek swings.
Thus, while August may have been a period of stress for most, these smallcaps succeeded in their attempt to swim against the market tide. They showcased that, despite the overall market volatility and bearish outlook, some resilient players could emerge as silent front runners in the investment race.
The post Smallcap Giants: Beat the Bearish Storm in August appeared first on Real News Now.
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