The Indian equity market has been on a downward journey over the last three weeks driven by domestic and global factors. Foreign institutional investors leaving in droves for the Shanghai and Hong Kong boards after the Chinese government announced stimulus measures, rising valuations of domestic mid- and small-cap stocks and escalating tensions in the Middle East that could disrupt oil supplies were but a few reasons. Market volatility gives fund managers the chance to find undervalued, high-quality stocks. Here are the top microcap stocks that were newly picked by active mutual fund managers in September. Stocks with a market capitalisation below Rs 4,000 crore are considered as microcaps. Market capitalisation mentioned in the below slides were BSE’s full market capitalisation. Portfolio data was as of September 30, 2024. Source: ACEMF.
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Kross (Newly listed) No. of active schemes that newly added the stock in September: 16 Total no. of active schemes holding the stock: 16 M-cap: Rs 1,359 crore.
3/16
Shivalik Bimetal Controls No. of active schemes that newly added the stock in September: 14 Total no. of active schemes holding the stock: 25 M-cap: Rs 3,717 crore.
SJS Enterprises No. of active schemes that newly added the stock in September: 7 Total no. of active schemes holding the stock: 30 M-cap: Rs 3,109 crore
Baazar Style Retail No. of active schemes that newly added the stock in September: 7 Total no. of active schemes holding the stock: 19 M-cap: Rs 2,852 crore
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Western Carriers (India) (Newly listed) No. of active schemes that newly added the stock in September: 6 Total no. of active schemes holding the stock: 6 M-cap: Rs 1,582 crore.
Rane Holdings No. of active schemes that newly added the stock in September: 5 Total no. of active schemes holding the stock: 6 M-cap: Rs 2,890 crore.
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Suraj Estate Developers No. of active schemes that newly added the stock in September: 4 Total no. of active schemes holding the stock: 5 M-cap: Rs 3,456 crore.
RPG Life Sciences No. of active schemes that newly added the stock in September: 3 Total no. of active schemes holding the stock: 7 M-cap: Rs 3,893 crore.
Ecos (India) Mobility & Hospitality No. of active schemes that newly added the stock in September: 3 Total no. of active schemes holding the stock: 16 M-cap: Rs 2,722 crore.
11/16
KRN Heat Exchanger And Refrigeration (Newly listed) No. of active schemes that newly added the stock in September: 3 Total no. of active schemes holding the stock: 3 M-cap: Rs 3,021 crore.
12/16
Gufic Biosciences No. of active schemes that newly added the stock in September: 2 Total no. of active schemes holding the stock: 7 M-CAP (BSE – Full): Rs 3,865 crore.
DCB Bank No. of active schemes that newly added the stock in September: 2 Total no. of active schemes holding the stock: 16 M-CAP (BSE – Full): Rs 3,844 crore.
14/16
Gujarat Industries Power Company No. of active schemes that newly added the stock in September: 2 Total no. of active schemes holding the stock: 5 M-CAP (BSE – Full): Rs 3,493 crore.
15/16
Dredging Corporation Of India No. of active schemes that newly added the stock in September: 2 Total no. of active schemes holding the stock: 3 M-CAP (BSE – Full): Rs 2,734 crore.
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Krsnaa Diagnostics No. of active schemes that newly added the stock in September: 2 Total no. of active schemes holding the stock: 6 M-CAP (BSE – Full): Rs 2,726 crore.
