Over 400 smallcap stocks saw negative returns during the week, with 23 experiencing double-digit losses. Suratwala Business Group was the biggest loser at -53%, followed by Best Agrolife (-31%), Dee Development Engineers (-27%), and PTC Industries (-21%). Conversely, 52 stocks, including KDDL, Sandur Manganese, Pennar Industries, Taj GVK Hotels, IKIO Lighting, and Benares Hotels, yielded returns between 10-40%.
NBFCs and OMC stocks offer margin of safety amid sector rotation: Rohit Srivastava
Rohit Srivastava suggests the market is holding gains with sector rotation, eyeing 25,300 on the Nifty. Key levels to watch are 24,494 for Nifty and