The furore around new ruling on multicap funds which now demands fund manager to allocate 25% each to large, mid and small-cap stocks, there was seen surge in small cap and mid-cap stocks. While mid-cap stocks jumped over 2%, small cap managed to hit their 52-week high today outperforming the headline indices which ended lower due to weakness in heavyweight RIL in the later part of the trade.
Stocks from the mid-cap index which surged the most in September 14, 2020 session:
1. Mphasis which scaled to its 52-week high
2. Oberoi Realty
3. Shriram City Union Finance
4. Kansai Nerolac Paints
Among the small cap stocks that surged up to 20% were stocks including
1. Ramkrishna Forgings
2. KPIT Technologies Ltd
3. Indoco Remedies Ltd
4. Persistent Systems
5. Birla Corporation, which gained 14%
While all the above were locked in 20% upper circuit.