Shares of Prudent Corporate Advisory Services on the BSE closed over 40% higher at Rs. 3,577.65 were closed. The stock rose 14.75% in the last trading session itself.
Meanwhile, shares of other smallcap stocks such as AMI Organics, Sirma SGS Technology, 63 Moons Technology and Anup Engineering gained between 30-40% on a weekly basis.
Coffee Day Enterprises, Force Motors, Poonawalla Fincorp, Mercury Eve-Tech and PolyMedicare were among the companies whose shares rose between 25 and 30%.
The BSE Smallcap index also gained 6.3% week-on-week (WoW).
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Apart from this, midcap stocks also rose by 21.34% with Gillette India being the top gainer, followed by Indian Bank, which gained 17.2% over the same period.
Shares of Central Bank of India, Bank of India, JSW Infrastructure, Bank of Maharashtra, Punjab and Sind Bank, Rail Vikas Nigam (RVNL), Bharat Heavy Electricals (BHEL), Emami, Indian Renewable Energy Development Agency (IREDA) were others. The gainers were the midcap sector, which saw a weekly gain of up to 16%.
Indian equity markets are currently facing pressure with the Nifty50 recovering 8% from its peak in September.
The month of October witnessed the highest ever sell-off by Foreign Portfolio Investors (FPIs), who sold Rs. 1,13,858 crore shares were sold.
On the global front, markets will now also respond to the US presidential election, after which fundamentals such as US GDP growth, inflation and rate cuts by the Fed will influence market moves.
(disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of The Economic Times)
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