Latest news with #BSESmallcap
Mint
3 days ago
- Business
- Mint
Small-cap stock below 100: Pharma stock in focus after Q4 results 2025, final dividend for FY25
Small-cap stock below 100: Sigachi Industries Ltd announced its January-March quarter results for fiscal 2024-25 (Q4FY25) on Saturday, May 31, reporting a net profit of ₹ 697.78 lakh compared to ₹ 1,172.93 lakh in the corresponding period last year. The Hyderabad-based BSE Smallcap company said that its reported a consolidated net profit of ₹ 22.67 crore in Q4, up nearly 7 per cent on YoY basis. The company had earned a net profit of ₹ 15.17 crore in the same quarter of the previous fiscal. The company's revenue from operations surged by 23 per cent to ₹ 128.2 crore versus ₹ 104.1 crore reported in the corresponding quarter of the FY 2024. Its expenses in the reporting quarter increased to ₹ 107.7 crore from ₹ 94.1 crore in March 2024 quarter.
Business Standard
5 days ago
- Sport
- Business Standard
Stock Market Close Highlights: Sensex, Nifty settle higher after Operation Sindoor; SMIDs up 1%
Sensex Today | Stock Market Close Highlights: The broader markets outperformed benchmark indices as the BSE Midcap index gained 1.36 per cent and BSE Smallcap rose 1.16 per cent The world cricket fraternity was left in a state of bewilderment on Monday (May 12) as star Indian batter Virat Kohli announcement his retirement from Test cricket in an Instagram post. The 36-year-old Kohli, who admitted that it wasn't an easy call to make, turned up in 123 Tests for India, scoring 9230 runs with 30 hundreds at an average of 46.85. He will now only play in ODIs, having already retired from T20 Internationals last year. "It's been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on. It's tested me, shaped me, and taught me lessons I'll carry for life," he added. Virat Kohli The megastar's last Test assignment was a largely underwhelming tour of Australia in which he managed just one hundred. He ends his career well short of the 10,000 run mark, which was at one stage considered a formality. The right-hander nonetheless signs off as a giant of the format with seven double hundreds, the highest for an Indian and well ahead of the iconic duo of Sunil Gavaskar (4), Sachin Tendulkar (6), Virender Sehwag (6) and Rahul Dravid (5). At a time when T20 leagues became the most sought after and watched showpiece in international cricket, Kohli's aura played a significant role in keeping fans hooked to Test cricket. This was acknowledged by no less than Sir Viv Richards, with whom he was often compared. "There's something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever," Kohli wrote in his farewell note for the format. "As I step away from this format, it's not easy but it feels right. I've given it everything I had, and it's given me back so much more than I could've hoped for. "I'll always look back at my Test career with a smile," he added. His retirement continues the exodus of Indian bigwigs from the Test arena. Ravichandran Ashwin (in December) and Rohit Sharma (last week) are the others to have called it quits in the format. "It's been 14 years since I first wore the baggy blue in Test cricket. Honestly, I never imagined the journey this format would take me on. It's tested me, shaped me, and taught me lessons I'll carry for life. There's something deeply personal about playing in whites. The quiet grind, the long days, the small moments that no one sees but that stay with you forever. As I step away from this format, it's not easy — but it feels right. I've given it everything I had, and it's given me back so much more than I could've hoped for. I'm walking away with a heart full of gratitude — for the game, for the people I shared the field with, and for every single person who made me feel seen along the way. I'll always look back at my Test career with a smile." #269, signing off. View this post on Instagram A post shared by Virat Kohli (@ Kohli has already retired from T20 International after India won the showpiece eveny in 2024. India's tour of England for five-match Test is scheduled to begin on June 20. After Rohit, Kohli is the second player to hang his boots before the selectors announce the squad for the five-match Test series. Virat Kohli What led to Kohli's retirement from Test cricket? 36-year-old Kohli's form with the bat in Test cricket has been a cause of concern from past one year. Since 2024, Kohli has played 21 innings in 11 Test matches, crossing the 50-run mark only twice. He scored 70 against New Zealand in Bengaluru and 100 not out against Australia in Perth. Despite 170 runs coming from these two innings, his total across the 21 innings stands at just 441, at an average of 23.21. For a batter like Kohli, these numbers show he has not been able to deliver for the team as he or the management would have expected, which might be one of the reasons why he decided to sideline himself from red-ball cricket. Virat Kohli records In his 123-match-long Test career, Kohli amassed 9,230 runs, the fourth-highest by an Indian batter behind Sachin Tendulkar (15,921 runs), Rahul Dravid (13,265 runs) and Sunil Gavaskar (10,122 runs). Kohli also has 30 Test centuries to his name, the fourth-most by an Indian batter behind the same trio. However, Kohli has seven double centuries in Test cricket—the most by an Indian batter. Sachin Tendulkar and Virender Sehwag are joint second, with six double centuries each. 11:48 AM Stock Market LIVE Updates: Check Borana Weaves IPO Day 2 subscription status, GMP 6:16 PM In a surprise move 11 In a surprise move 11 6:14 PM Stock Market LIVE Updates: Fundamental View Indian equity markets exhibited strong resilience amid recent Indo-Pak border tensions, the measured market response indicated that geopolitical risks were largely priced in and expectations of de-escalation is prevailing among investors. At the same time, the progress on the India–UK FTA further buoyed investor optimism, driving gains in key sectors such as textiles, automobiles, and information technology. Globally, investor sentiment has improved as the United States and China signal a willingness to resume trade negotiations. Meanwhile, China's recent interest rate cut contributed to a broadly positive tone across Asian markets. Market focus will shift to FOMC meeting, though rate cut appears unlikely, but FED comments will be keenly watched.
Mint
6 days ago
- Business
- Mint
BSE Midcap, Smallcap indices surge up to 10% this month, outshining Nifty 50, Sensex; is a stock market bubble brewing?
The Indian stock market looks set to extend its winning streak to the third consecutive session in May, helped by easing tariff worries, improving macroeconomic conditions, largely stable Q4 results, and foreign capital inflow. While the market is witnessing buying across segments, barring intermittent profit booking, a notable fact is the significant outperformance of broader markets. In May till the 28th, the benchmark Sensex has gained over 1 per cent and the Nifty 50 has climbed almost 2 per cent. However, the broader markets have outperformed significantly, with an over 5 per cent gain in the BSE Midcap index and a 10 per cent gain in the BSE Smallcap index. Some small-cap stocks such as Suven Life Sciences and Cosmo First have surged more than 80 per cent in the last one month. The sharp gains in the mid- and small-cap segments this month could be attributed to better-than-estimated Q4 earnings and moderation in premium valuation. Easing global risks, the prospects of healthy economic growth, an above-normal monsoon, and the RBI's rate cuts are also among key factors that seem to have boosted the broader market sentiment. Moreover, experts suggest that retail investors, in the pursuit of quick gains, could be chasing mid and small-caps after their underperformance over the last few months. Year-to-date, the Sensex and the Nifty 50 have gained 4 per cent and 5 per cent, respectively, while the BSE Midcap index has declined 3 per cent and the BSE Smallcap index has suffered a loss of 5.5 per cent. "The outperformance in mid- and small-caps this May is a mix of factors, including geopolitical tensions like the India-Pak war scare that have eased, US tariff rhetoric that has softened, the monsoon forecast and the above-expectations Q4 earnings. All of this has improved sentiment toward India's domestic story," Trivesh, COO, Tradejini, observed. Trivesh underscored that the pharma and FMCG have seen renewed interest due to rising income levels and steady rural demand, while niche mid-cap names in capital goods, chemicals, and auto ancillaries continue to offer structural opportunities. Shrikant Chouhan, the head of equity research at Kotak Securities, underscored that the Nifty 50 is trading at 19 times the one-year forward earnings for FY27, which is expensive. However, the market appears to be relatively relaxed despite uncertainties in global macroeconomic conditions. "In such situations, it is common for activity to shift toward mid and small-cap stocks. Our strategy should focus on a bottom-up approach," said Chouhan. According to Pawan Bharaddia, the co-founder of Equitree Capital, the crux of this rebound in small and mid-caps has been on two counts primarily – stabilisation of geopolitical issues including India-Pakistan, Tariffs uncertainty being postponed and earnings growth coming about in small and mid-caps. "Basis Q4 announced till date, large caps have reported about 9 per cent year-on-year (YoY) growth, whereas mid-caps have delivered about 12 per cent growth. Small caps have had a mixed bag. However, that remains always a ground-up investment genre, and if we reflect on our own portfolio companies, we have seen around 18 per cent YoY growth for the quarter. This growth is leading the outperformance," said Bharaddia. Experts point out the valuation and suggest maintaining caution in the mid and small-cap segments. "Investors need to be cautious, valuations are not cheap. Instead of chasing rallies, it's smarter to use corrections to build positions selectively. In this space, patience and quality matter more than timing," said Trivesh. According to Bharaddia, investors should approach small-caps in a stock-specific manner. He believes generalising the segment based on headline valuations or growth often leads to distorted reference points and distracts from growing companies. Another aspect that Bharaddia highlighted is that one should always remember to stagger investments rather than invest the entire funds in one go while investing in small caps. "Inherently, this genre is volatile, and one would be better off to leverage this volatility by staggered investing rather than getting played out by it," said Bharaddia. Bharaddia sees a lot of opportunities across engineering, manufacturing, infrastructure, ancillaries and select consumer plays. "We are largely playing out four multi-year structural themes – increasing export opportunities for Indian manufacturing, import substitution, continuous infra spend and the larger Indian consumption story. We believe these are decadal themes and one needs to just remain invested and allow the power of compounding to play out for wealth creation in these opportunities," said Bharaddia. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
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Business Standard
7 days ago
- Business
- Business Standard
These 13 stocks from BSE Smallcap index zoom over 100% from 3-month lows
Shares of smallcap companies were in focus, with the BSE Smallcap index outperforming the market by gaining nearly 1 per cent after a sharp rally in private defence, capital goods and public sector undertakings (PSUs). At 02:31 PM; the BSE Smallcap index, top gainer among broader indices, was up 0.54 per cent at 52,146. In comparison, the BSE Sensex was down 0.19 per cent, while the BSE Midcap index traded flat. The BSE Smallcap index has bounced back 27 per cent from its 52-week low of 41,013.68 touched on May 7, 2025. The index had hit a 52-week high of 57,827.69 on December 12, 2024. A total of 18 stocks from the BSE Smallcap index including the likes of - Eris Lifesciences, Apollo Micro Systems, Force Motors, Paradeep Phosphates, India Glycols, EID Parry and Hitachi Energy India have hit their respective all-time highs on the BSE in intra-day trade on Wednesday. Ravindra Energy, Precision Camshafts, Apollo Micro Systems, IFCI, Techno Electric & Engineering Company, MMTC, Unimech Aerospace and Manufacturing and Triveni Engineering & Industries rallied between 10 per cent and 20 per cent. Meanwhile, share prices of 13 stocks from the BSE Smallcap index have more-than- doubled from their respective three-month lows. Of these six stocks, Garden Reach Shipbuilders Engineers (GRSE), NIBE, Bharat Dynamics (BDL), Data Patterns (India), Paras Defence and Space Technologies and Astra Microwave Products are from the aerospace & defence sector. Recent geopolitical developments - particularly the India-Pakistan conflict - have further accelerated demand for indigenous defence solutions. Several of the defence companies systems were successfully tested and demonstrated during this period, generating major interest and engagement across the defence value chain. Paradeep Phosphates and Mangalore Chemicals & Fertilizers from fertiliser sector, Centum Electronics, NACL Industries, Cupid and Cosmo First were the other stocks that have seen their market price more-than-double from their three-month low price. Among individual stocks, GRSE hit a new high of ₹2,944, gaining 5 per cent on the BSE in intra-day trade today. The stock price of PSU defence company has zoomed 150 per cent from its three-month low of ₹1,180.10 touched on March 4, 2025. In the March 2025 quarter (Q4FY25), GRSE's revenue from operations moved up from ₹1,015 crore to ₹1,642 crore, registering a growth of 62 per cent. EBITDA has moved up from ₹166 crore to ₹335 crore registering a growth of 101 per cent and the profit after tax, moved up from ₹114 crore to ₹244 crore, registering a 118 per cent growth. This has been backed by a very strong physical performance, supported by an efficient and effective treasury management system, the management said. As on March 31, 2025, the company's order book stood at ₹22,652 crore. And despite strong revenue accrual to the tune of nearly ₹5,000 crore, the management said the company managed to maintain the order book at ₹22,680 crore as on March 31, 2025. This comprises nine projects, consisting of 40 platforms, including 16 warships for the Indian Navy from 4 projects, three P-17 Alpha Frigates, 7 Anti-Submarine Shallow Watercraft, 2 Survey Vessels Large and 4 Next Generation Offshore Patrol Vessels. Meanwhile, the share price of Apollo Micro Systems hit a new high of ₹183.60, soaring 18 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes, in an otherwise subdued market, after the company received export order worth of ₹114 crore. In the past two trading days, the stock price of this smallcap aerospace & defence company has zoomed 32 per cent. Thus far in the month of May 2025, it has rallied 57 per cent. Apollo Micro Systems informed stock exchanges that in the ordinary course of its business, the company has received an export order valued at $13,366,500 (equivalent to approximately ₹113.81 crore) for the development of an Avionic System.
Mint
7 days ago
- Business
- Mint
Multibagger defence stock Apollo Micro Systems hits record high, jumps 15% on THIS order win update
Multibagger defence stock Apollo Micro Systems surged 15% in intraday trade on Wednesday, May 28, to a fresh record high following a massive order win. The BSE Smallcap stock gained for the second straight session, rising as much as 27% in just two days. Meanwhile, in May alone, Apollo Micro Systems shares have rallied over 46% amid a strong surge in defence counters following Operation Sindoor and hopes of an increase in defence order book. Apollo Micro Systems stock opened at ₹ 157.15 apiece, slightly higher than its last close of ₹ 155.80 per share. However, as the session progressed, the stock surged to the day's high of ₹ 179, also its 52-week high level, recording gains of 14.9%. On a longer time frame, Apollo Micro Systems has emerged as a multibagger stock, rallying 421% in the last two years, 1460% in three years and 2040% in five years. This sharp rally can be attributed to a ₹ 113.81 crore export order that Apollo Micro Systems announced receiving today. 'Apollo Micro Systems Limited, in the ordinary course of its business, has received an export order valued at USD 13,366,500 (equivalent to approximately INR 113.81 crores) for the development of an Avionic System,' the company said in a filing today. As part of the project, Apollo Micro Systems plans to develop an advanced avionics system intended for use in civil and military aircraft applications. 'However, due to the sensitive nature of the engagement, specific technical and program details are bound by a Non-Disclosure Agreement (NDA) with the customer,' it added. Additionally, the company's board also approved a final dividend for the financial year 2024-25 at its meeting today of ₹ 0.25 apiece. '… Considered the recommendation of Final Dividend at the rate of 25% ( ₹ 0.25 paise) per equity share of Re. 1/- each fully paid-up of the Company for the Financial Year 2024-25, subject to the approval of the Members at the forthcoming Annual General Meeting of the Company,' Apollo Micro Systems said in a filing.
