7 stocks from BSE Smallcap index rally over 50% in July
STOCK MARKET - Parsvnath Developers, GTL Infrastructure, McNally Bharat, Aksh Optifibre, Gujarat NRE Coke, Himachal Futuristic Communications (HFCL) and GVK Infrastructure & Power are the seven stocks from the S&P BSE Smallcap index that have rallied by more than 50% thus far in July. At 12:05 pm: the S&P BSE Smallcap index was trading at 16,103, gaining 4.5% during the current month. On comparison, the S&P BSE Midcap index up 4.7%, while the benchmark S&P BSE Sensex up 4.9%, set to post its record monthly gain since March 2016 (up 10.2%). As many as 48 stocks from the smallcap index have surged more than 25% thus far in July. The list includes Tinplate Company, Sterlite Technologies, Saregama India, Thirumalai Chemicals, Rico Auto Industries and Jubilant FoodWorks are among those which soared between 40% and 49%.