8 smallcap stocks that touched 52-week high this week, give up to 37% returns

Friday’s market surge lifted the weak indices, ending the week on a positive note. Easing food inflation, A gradual easing in food inflation and a price hike by FMCG companies, along with a recent correction in valuation, supported the sector to outperform. Additionally, the expectation of an increase in US spending is propelling the IT sector.

Amid a highly volatile week, certain smallcap stocks hit their 52-week high, giving returns of up to 37% on a week-on-week (WoW) basis.

Here is a list of 8 smallcap stocks among the lot, according to Ace Equity:

Centum Electronics

The stock hit its 52-week high of Rs 2,381.20 on the BSE this week, giving 36.8% returns in the said time period.

Sunflag Iron And Steel Company

The shares of Sunflag Iron And Steel Company hit a 52-week high of Rs 280 in this week. The week-on-week return stood at 27%.

Gokaldas Exports

Gokaldas Exports shares hit a 52-week high of Rs 1,210, gaining 23.4% WoW.

Greaves Cotton

The shares of Greaves Cotton hit their 52-week high of Rs 259.50 on the BSE, giving returns of 22% this week.

Kitex Garments

Kitex Garments shares hit a 52-week high of Rs 879.10 this week and gave weekly returns of 22%.

Gujarat Industries Power Company

Gujarat Industries Power Company shares hit their 52-week high of Rs 270 and gave week-on-week returns of 17.2%.

Indo Count Industries

The stock hit its 52-week high of Rs 450.45 on the BSE this week, giving nearly 17% returns in the said time period.

Vidhi Specialty Food Ingredients

Shares of Vidhi Specialty Food Ingredients hit their 52-week high of Rs 569.55 on the BSE this week. The weekly returns given by the stock was 15.5%.

(With inputs from Ritesh Presswala)

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