PC Jeweller led ETMarkets’ 10-stock Nifty Microcap 250 screen with a reported 78% three-month gain, while the outlet said the Nifty 50 and the microcap index each fell about 4%.
ETMarkets reported that the 10 stocks in its screen gained between 31% and 78%, citing ACE Equity. Sigma Advanced Systems ranked second at 57%, followed by Shilpa Medicare at 49%, Sky Gold and Diamonds at 44%, and Restaurant Brands Asia at 41%. Knowledge Marine & Engineering Works gained 35%, Shadowfax Technologies 33%, Nazara Technologies 32%, while Sri Lotus Developers and Realty and Unimech Aerospace and Manufacturing each rose 31%.
ETMarkets cited ACE Equity for reported price comparisons: PC Jeweller rose from ₹9.28 to ₹16.50, and Sigma Advanced Systems from ₹523 to ₹820. Its figures for Shilpa Medicare were ₹606 to ₹901 and for Sky Gold and Diamonds ₹654 to ₹939; Restaurant Brands Asia was listed at ₹65 to ₹92 and Knowledge Marine & Engineering Works at ₹2,430 to ₹3,283. Shadowfax Technologies was listed at ₹214 to ₹286, Nazara Technologies at ₹302 to ₹400, Sri Lotus Developers and Realty at ₹180 to ₹236, and Unimech Aerospace and Manufacturing at ₹1,237 to ₹1,616. The report did not identify the exact dates used for the comparisons.
ETMarkets also said 40 Nifty Microcap 250 constituents gained at least 10%. It put both the Nifty Microcap 250 and the Nifty 50 down about 4% over the period. Tipsheet Markets separately listed three-month declines through Oct. 26 of 5.1% for the microcap index and 5.4% for the Nifty 50, steeper losses than ETMarkets’ approximate figures.
For index membership, NSE Indices reviews companies outside the Nifty 500 twice a year, using Jan. 31 and July 31 as cutoff dates; average full market capitalization is the selection measure. The index covers 250 companies listed on the National Stock Exchange of India.
