7 stocks from BSE Smallcap index rally over 50% in July

STOCK MARKET - Parsvnath Developers, GTL Infrastructure, McNally Bharat, Aksh Optifibre, Gujarat NRE Coke, Himachal Futuristic Communications (HFCL) and GVK Infrastructure & Power are the seven stocks from the S&P BSE Smallcap index that have rallied by more than 50% thus far in July.

At 12:05 pm: the S&P BSE Smallcap index was trading at 16,103, gaining 4.5% during the current month. On comparison, the S&P BSE Midcap index up 4.7%, while the benchmark S&P BSE Sensex up 4.9%, set to post its record monthly gain since March 2016 (up 10.2%).

As many as 48 stocks from the smallcap index have surged more than 25% thus far in July. The list includes Tinplate Company, Sterlite Technologies, Saregama India, Thirumalai Chemicals, Rico Auto Industries and Jubilant FoodWorks are among those which soared between 40% and 49%.

Foreign portfolio investors (Rs 2,662 crore) and domestic institutional investors (Rs 3,018 crore) have collectively pumped in net amount of Rs 5,680 crore in equity market, the stock exchange data shows.

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