Mid-caps, small-caps stage comeback

BSE Mid-Cap and Small-Cap index outperform the Sensex.

The BSE Sensex gained 234.66 points or 1.43% to 16,151.51.

The BSE Mid-Cap index rose 223.78 points or 3.31% to 6,991.70 and the BSE Small-Cap index rose 306.99 points or 3.72% to 8,555.72.

Shree Renuka Sugars (up 19.13% to Rs 1,052), Motherson Sumi (up 18.35% to Rs 108.05), Engineers India (up 15.97% to Rs 798.95), National Fertiliser (up 13.97% to Rs 54.25) and Asahi India Glass (up 12.27% to Rs 83.70), were major mid-cap gainers.

The BSE Mid-Cap index had hit a 52-week high of 10,245.81 on 8 January 2008 and a 52-week low of 5,191.88 on 3 April 2007.

The BSE Mid-Cap index had underperformed the market over the past one month till 10 March 2008, declining 11.34% compared to the Sensex’s fall of 8.82%. It had also underperformed market declining 26.33% compared to sensex’s decline of 21.52% over last quarter.

English India Clay (up 20% to Rs 1,006.55), Deepak Fertilisers (up 20% to Rs 105.75), Geojit Financial Services (up 19.01% to Rs 52.90), Lloyd Electric (up 17.76% to Rs 119) and CCL Products (up 16.75% to Rs 184.70), were major small-cap gainers.

The BSE Small-Cap index had hit a 52-week high of 14,239.24 on 8 January 2008 and a 52-week low of 6,242.16 on 16 March 2007.

The BSE Small-Cap index had underperformed the market over the past one month till 10 March 2008, declining 16.85% compared to the Sensex’s fall of 8.82%. It had also underperformed market declining 29.3% compared to sensex’s decline of 21.52% over last quarter.