10 SME Stocks Rally up to 67% in a Month Vs 26% Rise in Large Peers
timesinternet.in ETMarkets.com: The BSE SME IPO index may have convincingly underperformed the BSE IPO index over the past one month, but as many as 10 SME stocks have rallied up to 67% during this period, overshadowing the up to 26% rise in the shares of their larger peers.
While data for all the 113 stocks eligible for trading on the BSE SME platform is unavailable, figures showed BSE SME index stocks such as Oceanaa Biotek Industries, Oasis Tradelink and Amrapali Fincap have surged between 42% and 67% in the last one month. This compares with an up to 26% surge in the 27 constituents of BSE IPO index. S h a r e s o f Oc e a n a a Bi o t e k Industries, which has a specialised food testing laboratory, jumped 67.08% to ₹ 26.65 on Tuesday from ₹ 15.95 a month ago.
Oasis Tardelink, which is engaged in the branded and packaged edible oils business, has seen its shares fall 44% to ₹ 99 from ₹ 68.70 in the monthago period. Amrapali Fincap has risen 42% to ₹ 91 from ₹ 64 last month.
Mahabir Metallex (up 37%), Vidli Resturants (up 29.85%), Samruddhi Realty (20%), Patdiam Jewellery (up 19%) and BC Power Controls (up 17%) were some of the other promi- nent gainers in the BSE SME IPO index last month.
Overall, out of 28 BSE SME index stocks that traded in April, 15 gave positive returns for the past one month, while 12 others — including VCU Data Management and Suncare Traders — plunged up to 50% in the same period. Shares of Vishal Fabrics remained unchanged, data available with database AceEquity revealed. The BSE SME IPO index gave 1.96% return during the month. This is similar to the 1.23% rise seen in the BSE Sensex, but lower than the 5.41% rise in the BSE IPO index during the same period. UFO Moviez (up 2 5 . 7 %) , InterGlobe Aviation (up 20%) and Dr Lal Pathlabs (up 19.3%) were among the top gainers in the BSE IPO index for the month.
A total of 129 SMEs have a market capitalisation of ₹ 6,748 crore.