10 SME Stocks Rally up to 67% in a Month Vs 26% Rise in Large Peers

The Economic Times - - Smart -

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.

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