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4 Small-Cap Stocks That Hit New 52-Week High In Today's Trade

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The BSE SmallCap Index, as well as the BSE MidCap Index, are trading at all-time highs. Most small-cap companies are trading at new 52-week highs, thanks to a large increase in activity.

 

Smaller companies have outperformed their larger counterparts, with the smallcap index up 29.72 percent this fiscal year.

4 Small-Cap Stocks That Hit New 52-Week High In Today's Trade

The BSE smallcap index has risen 6,137.29 points, or 29.72 percent, while the midcap index has risen 2,905.91 points, or 14.39 percent, in the first four months of the current fiscal.

The market's rise has been bolstered by a pick-up in economic activity and a ramp-up in immunization, according to analysts.

The BSE smallcap index increased by 114.89 percent last fiscal year, while the midcap index increased by 90.93 percent. In the previous fiscal year, the BSE benchmark rose by 68 percent to 20,040.66 points.

Investors prefer smaller equities, according to market professionals, while international investors prefer blue-chips or major corporations.

4 Small-Cap Stocks That Hit New 52-Week High In Today's Trade

Kothari Petro

On the BSE, Kothari Petro was trading at Rs 62.35 per share, higher Rs7.5 or 12.95% from its previous close.
During early trade on Tuesday, the stock reached a 52-week high and low of Rs 65.70 and Rs 59.35 respectively.

 

Hindustan Oil Exploration

Hindustan Oil Exploration was trading at Rs 166.15 per share, higher Rs15.25 or 10.11% from its previous close.
During early trade on Tuesday, the stock reached a 52-week high and low of Rs169.00 and Rs148.05 respectively.

Zota Healthcare

Zota Healthcare was trading at Rs 339 per share, higher Rs 38.10 or 12.66% from its previous close. During early trade on Tuesday, the stock reached a 52-week high and low of Rs 344 and Rs 317 respectively.

Pearl Global

Pearl Global was trading at Rs 448.65 per share, higher Rs 15.65 or 3.61% from its previous close. During early trade on Tuesday, the stock reached a 52-week high and low of Rs 459.15 and Rs 424 respectively.

Small-cap companies, on the other hand, have tremendous potential for growth while also carrying a larger risk. Investors that are more aggressive and risk-tolerant are drawn to small-cap companies in the hopes of achieving high returns. It is critical to invest in financially sound organizations that have a strong potential for future growth, regardless of the size of the company.

Read more about: stocks small cap stocks
Story first published: Tuesday, August 3, 2021, 11:00 [IST]
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