On 13th October, Nifty small cap Index came to its weekly low of 6175. The Index has been showing buying since the day of the Surgical Strike and has been trading in the strong buy zone ever since. Glancing at the prices from 29th September till date the Index has risen over 7% as compared to the 1.17% rise in the Benchmark Index Nifty. The Index has the weekly support at 6180 and the monthly support at 5909, which is also its two months low.
Sectors in Focus
Auto-Ancillary and Components: The sector remains in the sweet spot with some stocks in the sector delivering more that 300% returns. The Indian automotive sector is expected to contribute in excess of 12% to the country’s GDP over the next decade, and would consist of more than 40% of India’s manufacturing sector. Festive Season, good monsoon, GST, and seventh Pay Commission have collectively contributed to the sweetness of the Sector.
Financial Services:This sector has taken the public beyond Banks. With the RBI permitting 100% FDI in the Financial Services Sector and US taking interest in the sector, it is bound to pay investors stellar returns. The sector has grown 1.75% since 29th September 2016 as compared to 1.17% rise in `. Growth in SMEs, home loans, gold loans and the likes have giver a push to the sector.
Chemicals: The Indian chemical sector is quite assorted, producing thousands of products including petrochemicals, plastics, pharmaceuticals ingredients, and paints. Consequently, the chemical product finds their application in many products ranging from textiles to automobiles and fertilizers to paints. According to the estimates, the industry contributes 7% to the Indian GDP and also contributes heavily to the country’s import export segment.
Stocks in Focus
From among the list of Nifty Small Cap stocks, here is the name of a few ones that have outperformed the market since the Surgical Strike. The shares have surged over 25% in twenty days.
Ramco Industries is the gem of the small cap index taking the highest jump, while all the others are approximately in the same line.
Ramco Industries: Ramco Industries share price has surged to a stunning 64% in past twenty days. The stock is a recommended Multibagger stock by Dynamic Levels and belongs to the sector of Realty-Households. The stock traded at a new 52 weeks high of 288 on 20th October 2016.
Tourism Finance: From the bucket of Financial Services stock, this NBFC firm has given stellar returns to the investors.Tourism Finance share price has surged approximately 40% in last twenty days and is also the top 500 recommendation by Dynamic Levels. The stock traded at new 52 weeks high of Rs. 72 on 5th October 2016.
GNFC: GNFC, the fertilizer giant has gained 37% since the Surgical Strike. The Multibagger stock recommendation by Dynamic Levels has traded at a new lifetime high of Rs. 247 on 21st October 2016 with heavy volumes.
Nilkamal: This stock is another gem from the collection of Realty-Household. Nilkamal share price has surged 37% in the trades after the Surgical Strike. The top 500 recommendation by Dynamic Levels have traded at a new lifetime high of Rs. 1841.90 on 20th October 2016.
Indian Hume Pipe: This stock belongs to the Construction Engineering and Material Segment of Infrastructure Sector.Indian Hume Pipe share price has gained 34% in past twenty days. The stock has traded at a new lifetime high of Rs. 879 on 19th October 2016 and is a Multibagger recommendation by Dynamic Levels.
Bhageria: Bhageria is a component from the chemical sector.Bhageria share price has surged 33% since 29th September. The stock has traded on a new lifetime high on 5th October 2016 at Rs. 688. Dynamic Levels have identified Bhageria as the top 500 pick for the quarter.
JM Financial: This Multibagger recommendation for the month by Dynamic Levels belongs to the Financial Services sector. JM Financial share price has gained 31% in last twenty days. The stock has traded on a new 52 weeks high of Rs. 83.15 on 19th October 2016.
JBM Auto: From the stocks of Auto-Auto Ancillary and Components, JBM Auto is a gem of a pick with JBM Auto share price surging around 29% since the Surgical Strike. This is yet a Multibagger as identified by Dynamic Levels for the month. The stock has traded on a new 52 week high at Rs. 288.90 on 21st October 2016.
DCM Shriram: From the Diversified-Sugar and Gas sector, this stock is recommended as the top 500 pick for the quarter by Dynamic Levels. DCM Shriram share price has gained 27% since the day of the Surgical Strike. On 20th October 2016, the stock traded at a new 52 week high of Rs. 269.55.
Thirumalai Chemicals: From the Chemical sector, this is yet another stock investors can keep an eye on. The stock is a recommended Multibagger for the Month by Dynamic Levels for the month. Thirumalai Chemicals share price has gained 26% since 29th September and has traded at the new lifetime high of Rs. 676 on 20th September 2016.
Navin Fluorine: This is yet another chemical stock that has gained 26% in past twenty days. Navin Fluorine share price traded at the new lifetime high of Rs. 2869.85 on 20th October 2016. Navin Fluorine is the Multibagger pick by Dynamic Levels for the quarter.
Investors can keep an eye on these stocks. Any correction in the market is the chance to buy these stocks as they are likely to give high returns due to their strong fundamentals.