Several smallcap and midcap stocks gained double-digit returns last week in the Indian market, while Sensex remained mostly flat. The gains were driven by strong performance results and growth outlooks. Rail-related firms were in demand following an impressive FY23 performance by Indian Railways, while companies such as IndiaMART InterMESH, KEC International, and Mahindra & Mahindra Financial Services also reported robust results. The earnings visibility and predictability of these companies’ long-term growth led to the positive gains, which are expected to continue in the coming future.
Positive Breakout: These 7 midcap stocks cross above their 200 DMAs
In the NSE Midcap pack, seven stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 9, according to stockedge.com’s technical scan
June 10, 2025