Reliance Infra, Va Tech Wabag Among 18 Micro-Cap Stocks that surged up to 24% in a week amid stock market Volatily

Microcap stocks in focus: Shares of Va Tech Wabag, Reliance Infrastructure, Refex Industries, Gopal Snacks, Prince Pipes & Fittings, Subros, and Neogene chemicals are among 18 Micap Stocks that Defied MARKET VOLITITY THE Deliver Double-Digit Gains Over the Past Week.

Despite the back -and-for movement in frontline indices amid global headwinds-INCLUDING RISING RESING TANSS, Us Fiscal Concerns, and Higher Bonds-AS Well as positive domestic tail as positive domestic tails suchs Reports of India decided the fourth-largest economy, the RBI’s bumper dividend, and a steady risk in the rupee, several often -overlroined micro-cap stocks have manket volatmitiity.

The Stocks Span Sector Such as Pharma, FMCG, Industrials, Utilities, Chemicals & Petrochemicals, and Fertilisers. Some counters witnessed a spike in demand following the release of their March Quarter Results, While Others Rallied on the back of recent order and value buying at LOWER Levels.

The nifty microcap 250 index rose 2.33% over the past week and 9% over the past month, outperforming the nifty 50, which gained 0.30% and 3% during the same periods.

Pharma stocks shine in weekly rally

Shilpa Medicare’s Stock surgged 24.3% over the past week, pushing its may gains to 36%, the highest monthly risk February 2020. Its subsidian shilpa pharma lifescienes receive an eir from the USFDA and its biologics Arm obtaining european gmp certification for its zero inSPECECTION us.

Dishman Carbogen Amcis is another stock from the pharma pack that maintained a steady upward training, Gaining 22.2% in a week. Enviro Infra Engineers’ Shares also Jumped 20%, While there of Prince Pipes & Fittings, Sequent Scientific, Gopal Snacks, and Refex Industries Delivered Returns of up to 14%.

On the back of steady order Wins, coupled with a healthy performance in the March Quarter, Va Tech Wabag’s Share Price Jumped 13% in a Week. The Indian Water Treatment Company has Secured New Orders Worth Roughly 57 Billion this year, Increasing Its Order Book to Around 137 Billion, Including Framework Agreements.

Likeweise, Reliance Infrastructure’s Share Price also surged 12%. The company-Promoted Reliance Defense and Düsseldorf-Based Rheinmetall Ag Entred into a Strategic Partnership in the Field of Ammunition on May 22.

This marks the third Major Partnership for Reliance Defense, Following Its Successful Strategic Alliances with Dassault Aviation and the Thales Group of France, The Company Said in Its May 23 Press.

Indian Stock Market Likely to Consolidate Near Current Levels, Says Expert

Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said the market is likely to consolidate Around Current Levels in the Near Term. With mutual funds holding sizeable cash reserves, any Dip is expected to be boght into, which high valuations may lead to selling on rallies. He noted that a sustained rally will only Occur OCCE LEDING Indicators point to a revival in earnings growth, which may take some time.

Vijayakumar also highlighted a slow accumulation in rate-sensitive sector like autos, driven by expectations of further rate cuts amid declining infection. Additional, He Pointed Out that Investors are Staying Invested Through Sips for Longer Periods Than Before, which is expected to provide on provide underlying Support to the MARKET.

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