Even as the Sensex has been making new highs everyday at a time when the global world is reeling under various economic and political tensions such as the long impending US-China trade talks which ended with no productive results. The global landscape in light of it and hence the business arena is likely to be tough and unpredictable.
Nonetheless, our benchmark indices have been over-performing some of the global indices such as Nasdaq, Nikkei, Hang Seng etc. BSE Sensex and Nifty after new record close in Thursday's trade ended the week negatively with both indices dragged lower by 0.22% each at 38,251.80 and 11,557 led by fall in private bank, pharma and FMCG stocks.
In the ongoing calendar year, the Sensex notably made gains to the tune of 13%.
So, in the same pick up, one of the small cap stock in the dairy space, Kwality has almost doubled in prices in matter of one month of Sensex trading. On July 24, 2018, the stock of Kwality was trading at a price of Rs. 12.6 on the NSE. And in today's trade, the stock closed at a price of Rs. 25.55 on the same exchange. The stock during the period has reached a peak of Rs. 26.85 from lower side of Rs. 11.4.
On the BSE, last month the stock of Kwality hit a 52-week low of Rs. 10.95 on the BSE and commands a market cap of Rs. 654 crore. Earlier last year on August 29, 2017, it hit a 52-week high of Rs. 155.35.
It is to be noted that in July this year, the stock of Kwality declined by 5% and hit the lower circuit after the company's board deferred decision in respect of buyback, bonus issue of shares and payment of interim dividend. The stock went down by as much as 81% from the closing price as on December 2017.