These select small-cap stocks managed to buck the trend today and end with strong gains

While the Benchmarks Bleed, Small-Cap Stocks Attract Investor Attention

While the broader markets and the benchmark indices witnessed a huge fall on December 19, select small-cap stocks did manage to buck the trend and close the day in the green.

Centum Electronics: Centum Electronics, an electronics manufacturing company, surged 11.14 percent, closing at Rs 2,373.40, up from its previous closing of Rs 2,131.85. The company’s growth is driven by strong demand for its advanced electronics products in sectors like aerospace, defence, and industrial applications.

Tamil Nadu Newsprint and Papers Limited: TNPL, a part of the paper and packaging industry, climbed 10.36 percent, ending at Rs 206.70, up from Rs 187.03. As demand for paper, especially in packaging, is rising with the growth of e-commerce, TNPL is also gaining on the back of this trend.

Avalon Technologies: Avalon, operating in the electronic manufacturing services (EMS) sector, gained 10.00 percent, closing at Rs 994.55, up from Rs 904.13. Avalon’s presence in high-growth sectors such as medical devices, automotive electronics, and industrial automation has proved to be an attractive point for investors.

Vakrangee Ltd: Vakrangee, a digital retail and e-commerce services provider, registered an 8.97 percent increase, closing at Rs 31.83, up from Rs 29.21. In the current scenario, the company is expanding its digital services and retail outlets, particularly in rural India.

Vascon Engineers: Vascon, a construction and real estate company, saw its stock rise by 8.53 percent, closing at Rs 56.90, compared to Wednesday’s close of Rs 52.45. The company continues to benefit from government infrastructure projects and the ongoing growth in both residential and commercial real estate.

IOL Chemicals and Pharmaceuticals: IOLCP, part of the pharmaceuticals and chemicals industry, gained 7.98 percent, closing at Rs 438.35, up from Rs 406.55. The company has found favour with the investors on the back of rising demand for its active pharmaceutical ingredients (APIs).

Punjab Chemicals and Crop Protection: The company is a player in the agrochemicals sector and rose 6.76 percent, ending at Rs 1,104, up from Rs 1,035. A strong growth in the agrochemical and specialty chemicals segments is helping the company clock subtle gains in the recent past.

Decngold: This company operates in the gold and jewellery sector and saw a 6.32 percent increase, closing at Rs 118.65, up from Rs 111.59. With rising gold prices, Decngold is capitalising on increasing consumer demand for jewellery both in domestic and international markets.

Kaynes Technology India: Kaynes, an electronics manufacturing services (EMS) provider, gained 6.22 percent, closing at Rs 7,541.70, up from Rs 7,101.50. The company’s diverse exposure to the automotive, medical, and industrial electronics sectors continues to drive its growth prospects.

Premex Plan: Premax, a player in real estate and infrastructure, recorded a 5.54 percent gain, closing at Rs 573.70, up from Rs 543.80. The company’s investments in hospitality and industrial infrastructure are helping the company gain traction as the real estate sector recovers.