In trade on August 5, 2021, benchmark indices after hitting fresh highs have pared gains, with Nifty trading lower by 0.14% at 16,236 at the time of writing this copy. Meanwhile, broader markets are also underperforming with Nifty midcap 100 and Nifty Small cap 100 down by 0.74% and 1.25%, respectively.
Now after a stellar rally in the broader markets experts are suggesting to book profits in mid-caps and small-cap stocks. Nonetheless, despite profit booking some of the small cap stocks continue to move higher and are trading at fresh 52-week highs in trade today. The huge volumes in these counters are also aiding the up-move. Below is the list of 9 small cap stocks that have hit 52-week high today.
Notably, experts recommend to cap their exposure to small and mid cap stocks to 25-30% of their total stock portfolio. In fact mid caps are seen to be better valued than small caps currently, said fund managers.
|Small cap stocks||Industry||52-week high price hit today (August 5, 2021)|
|DP Wires||Consumer goods -Electronic||Rs. 308|
|Airo Lam||Laminate and Panel||Rs. 49|
|South West Pinnacle Exploration||Exploration services||Rs. 91.5|
|Ester Industries||Packaging||Rs. 164.75|
|Barbeque Nation||QSR||Rs. 1064.85|
|Fineotex Chemical||Speciality chemicals||Rs. 120|
|Tejas Networks||Telecom-equipment||Rs. 311.70|
|Sal Steel||Steel-medium and small||Rs. 17.6|
|Nahar Spinning Mills||Textiles||Rs. 469|