These 13 smallcap stocks surged over 50% even after Sensex retreated from all-time high

Conventional wisdom is that when markets trade near all-time levels, investors should be cautious as profit-booking is round the corner and largecaps are a safer bet over small-cap stocks. But Moneycontrol found that 13 smallcap stocks gained more than 50 percent even after the Sensex rose to its highest level of 52,154.13 on February 15, 2021. During the period—February 15 to April 06, 2021— the benchmark index fell 5.6 percent. The list is dominated by IT sector and includes stocks such as Hinduja Global Solutions, Happiest Minds Technologies and Intellect Design Arena. Adani Total Gas tops the list, surging 182 percent in less than two months. (Data Source: ACE Equity)

Adani Total Gas | The stock has risen 182 percent—from Rs 427.15 on February 15, 2021 to Rs 1204.35 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Hindustan Copper | The stock has risen 84 percent—from Rs 75.3 on February 15, 2021 to Rs 138.25 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "very bullish" rating. (Click here)

Intellect Design Arena Ltd. | The stock has risen 68 percent—from Rs 438.1 on February 15, 2021 to Rs 737.1 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Happiest Minds Technologies Ltd. | The stock has risen 67 percent—from Rs 400.85 on February 15, 2021 to Rs 668.3 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Bullish" rating. (Click here)

Saregama India Ltd. | The stock has risen 66 percent—from Rs 1,068.6 on February 15, 2021 to Rs 1,776.35 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Prakash Industries Ltd. | The stock has risen 65 percent—from Rs 49.65 on February 15, 2021 to Rs 82.15 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Meghmani Organics Ltd. | The stock has risen 62 percent—from Rs 78.85 on February 15, 2021 to Rs 127.75 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Godawari Power & Ispat Ltd. | The stock has risen 57 percent—from Rs 495.1 on February 15, 2021 to Rs 779 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Hinduja Global Solutions Ltd. | The stock has risen 57 percent—from Rs 1,141.15 on February 15, 2021 to Rs 1,792.1 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "very bullish" rating. (Click here)

MMTC Ltd. | The stock has risen 57 percent—from Rs 28.05 on February 15, 2021 to Rs 43.9 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "very bullish" rating. (Click here)

Jindal Poly Films Ltd. | The stock has risen 56 percent—from Rs 498.75 on February 15, 2021 to Rs 775.6 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "Very Bullish" rating. (Click here)

Reliance Power Ltd. | The stock has risen 55 percent—from Rs 3.23 on February 15, 2021 to Rs 5.02 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "very bullish" rating. (Click here)

Ashiana Housing Ltd. | The stock has risen 53 percent—from Rs 100.25 on February 15, 2021 to Rs 153.35 on April 6, 2021. Moneycontrol's technical analysis gives the stock a "very bullish" rating. (Click here)