{"id":44031,"date":"2024-12-25T10:51:19","date_gmt":"2024-12-25T10:51:19","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/top-five-nifty-smallcap-gainers-of-2024-what-drove-their-surge\/"},"modified":"2024-12-25T10:51:19","modified_gmt":"2024-12-25T10:51:19","slug":"top-five-nifty-smallcap-gainers-of-2024-what-drove-their-surge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/top-five-nifty-smallcap-gainers-of-2024-what-drove-their-surge\/","title":{"rendered":"Top five Nifty Smallcap gainers of 2024: what drove their surge?"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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The Nifty Smallcap 100 index, a benchmark for the small-cap segment of the NSE in India, has delivered an impressive 23.7% year-to-date as of December 24. <\/p>\n

This highlights the robust investor interest in small-cap stocks that constitute approximately 5% of the free-float market capitalization of the NSE as of September 30, 2024.<\/p>\n

With financial services constituting 26.6% of the index, followed by capital goods making up 15.21% of the index, the benchmark also represents the performance of the small-cap segment in these key sectors.<\/p>\n

For the six months ending September 2024, the total traded value of all Nifty Smallcap 100 index constituents accounted for approximately 11% of the total traded value of all stocks on the NSE.<\/p>\n

Invezz<\/em> takes a look at the top five gainers of the index in 2024, and what drove the optimism for the stocks:<\/p>\n

Kaynes Technologies<\/h2>\n

Kaynes Technologies emerged as the star performer, delivering a remarkable 171.63% YTD return. <\/p>\n

The electronic manufacturing service (EMS) provider gained from sectoral tailwinds like the Production-Linked Incentive Scheme and the global \u201cChina +1\u201d strategy.<\/p>\n

The company\u2019s Q2 FY25 revenue surged 48.46% YoY to Rs 572 crore, with margins at 14.4%. <\/p>\n

Its semiconductor facility in Gujarat, backed by a Rs 3,300 crore investment, is expected to drive revenue to Rs 4,000 crore by 2029-30, ensuring long-term growth potential.<\/p>\n

Aegis Logistics<\/h2>\n

Aegis Logistics saw a 127.5% rise in its share price in 2024. <\/p>\n

Specializing in logistics services for oil, gas, and petrochemicals, the company reported Q2FY25 revenue of \u20b91,750.42 crore, a 41.75% YoY increase.<\/p>\n

Aegis also announced a \u20b94000 crore IPO plan for its subsidiary, Aegis Vopak Terminals Ltd in what has collectively positioned the company as a key player in India\u2019s tank terminal operations, driving investor optimism.<\/p>\n

IFCI<\/h2>\n

IFCI Limited, a public-sector NBFC, saw its share price increase by 109.55% year-to-date. <\/p>\n

The company reported mixed financial results in Q2FY25, with revenue growing 7.47% YoY to \u20b9586.91 crore while profit declined 12.73% YoY to \u20b982.62 crore.<\/p>\n

However, sequential financial growth and board approval for the merger of group entities kept its market sentiment boosted.<\/p>\n

Blue Star<\/h2>\n

The air-conditioning giant Blue Star surged 108.88% in 2024, led by consistent revenue growth exceeding 20% YoY over four consecutive quarters.<\/p>\n

With Q2FY25 revenue hitting \u20b92,276 crore and a growing order book worth \u20b96,598.20 crore, the company\u2019s robust fundamentals made the stock performance stand out in 2024. <\/p>\n

CDSL<\/h2>\n

CDSL, India’s largest depository in terms of number of demat accounts opened, gained 99.41% YTD, benefiting from increased domestic investor participation and a shift towards market-based instruments.<\/p>\n

In Q2FY25, the company\u2019s net profit grew 48.8% YoY to \u20b9162 crore, with operational revenue rising 55.5% YoY to \u20b9322.3 crore. <\/p>\n

The post Top five Nifty Smallcap gainers of 2024: what drove their surge?<\/a> appeared first on Invezz<\/a><\/p>\n

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(Originally posted on : Invezz ) The Nifty Smallcap 100 index, a benchmark for the small-cap segment of the NSE in India, has delivered an impressive 23.7% year-to-date as of December 24. This highlights the robust investor interest in small-cap stocks that constitute approximately 5% of the free-float market capitalization of the NSE as of […]<\/p>\n","protected":false},"author":3947362359,"featured_media":44032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44031"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362359"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44031"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44031\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44032"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}