In a surprise move, both small and mid-caps indices outperformed Nifty and Sensex in the last week of February which could also suggest that trend might be shifting towards non-index names. However, for the month of February, both small & mid-cap indices closed in the red.
The S&P BSE Small-cap index rose 3.4 percent and the S&P BSE Mid-cap index gained 2.3 percent for the week ended March 1 compared to 0.5 percent rise in the Sensex and 0.67 percent gain seen in the Nifty50.
The week packed a punch of big returns from small-caps, as over 100 stocks gave double-digit returns. As many as 107 stocks in the S&P BSE Small-cap index rallied 10-40 percent in just five days.
Stocks which gave double-digit returns include names like Wabco India, Granules India, Arvind, Dish TV, Global Offshore, Dhanlaxmi Bank, Force Motors, Himadri Speciality, Swan Energy, Minda Corporation, Rolta India, Punj Lloyd, Prime Focus, Andhra Cement among others.