75 smallcap stocks that have offered double-digit weekly returns in bearish market

Indian markets experienced bearishness during the week, with a focus on economic data as inflation concerns dented domestic sentiments.

During the week, as many as 75 smallcap stocks delivered double-digit weekly returns, with 6 of them offering over 25% returns.

Talbros Automotive Component was the top gainer in the smallcap segment with a nearly 31% return, followed by Zen Technologies (28.5%), Tasty Bite Eatables (28%), and Banco Products (27%).


About 9 stocks, including Bajaj Hindusthan, Onmobile Global, Force Motors, Windlas Biotech, ZEE Media, and BF Utilities, offered returns between 20 and 25% during the week.


In the midcap segment, 9 stocks, including Gland Pharma, Indian Overseas Bank, and JSW Energy, rose in double digits. Gland Pharma gained 23.56%, while Indian Overseas Bank and JSW Energy were up over 16% each.

From the Sensex pack, Mahindra and Mahindra topped the charts with 5.5% returns, followed by Titan at 3.87% and Tech Mahindra at 3.8%.

The week began with moderate gains, led by strong performances in the pharma and IT sectors. However, uncertainties surrounding economic data releases and the RBI's policy announcement hindered substantial moves.

What should investors do?

In the coming week, investors will closely monitor domestic CPI data for July, which is projected to show a significant increase due to rising food prices.

"The result season is now coming to an end. Overall, the earnings have been in line with expectations. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

Technically, analysts suggest that, in the short term, the Nifty might decline towards the 19,300 level. On the upside, there's a resistance level situated at 19,500.

"We continue to maintain that the Nifty is likely to remain range-bound between 19,500 and 20,000. Crucial support levels to keep an eye on are 19,630 – 19,600, and on the upside, 19,800 – 19,860 is the immediate hurdle zone," commented Jatin Gedia, Technical Research Analyst at Sharekhan by BNP Paribas.

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times.)