For the vast retail investor community of the country, small- and mid-caps continue to be the biggest attraction, as latest data shows that the biggest jump in retail holding during the June quarter was witnessed in companies with an average market capitalisation of just a little over Rs 1,000 crore.
Interestingly, there were five companies in the top 10 list — in terms of the biggest jump in retail holding — with a market capitalisation of less than Rs 300 crore. This, even as some of the companies saw the stock price plunge during the quarter.
As per data from primeinfobase.com, the share of stake held by retail investors in companies listed on NSE went up to 7.53 percent as on June 30 from 7.51 percent as on March 31. In value terms, retail holding stood at Rs 34.25 lakh crore on June 30.
More importantly however, the companies that saw the highest jump in the stake held by retail investors during the June quarter were all from the mid/small-cap universe.
For instance, Shanti Overseas (India) saw the highest jump in retail holding – 69.83 percent as on June 30 from 26.52 percent as on March 31. The company that migrated from the SME segment to the main board in 2021 has a market capitalisation of only Rs 12.65 crore.
Wendt (India), which has a market capitalisation of Rs 1,972 crore, saw the retail holding move from 16.14 percent in the March quarter to 37.32 percent as on June 30.
Some of the other companies that saw the largest jump in retail holding during the June quarter were Hilton Metal Forging (mcap of Rs 134 crore), M M Forgings (Rs 1,642 crore), Oriental Trimex (Rs 69 crore), Hi-Tech Pipes (Rs 1,808 crore), Protean eGov Technologies (Rs 3,093 crore), Capital Trust (Rs 136 crore), One Mobikwik Systems (Rs 1,864 crore) and Balaxi Pharmaceuticals (Rs 265 crore).
Incidentally, a majority of these companies saw their share price plunge in the June quarter with some shedding more than 20 percent as well. The worst performer was Protean eGov Technologies with a fall of 34.51 percent. Balaxi Pharmaceuticals and One Mobikwik Systems also saw their share prices decline 21.75 percent and 19.32 percent, respectively.
On the other hand, Oriental Trimex saw a nearly 54 percent jump in the stock price during the June quarter with Shanti Overseas (India) and Wendt (India) also posting single-digit gains during the quarter.
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