The Small-cap and Mid-stocks experienced selling pressure in the month of March following Sebi Chief Madhabi Puri’s speculative comments saying the stocks trading in these segments have outperformed and are very highly valued.
The Nifty Smallcap 100 Index has delivered negative returns of 1.81 percent in the last month, and the S&P BSE SmallCap Index delivered negative returns of 2.29 percent. Even though there was selling pressure in these segments, here are some of Small Capthe stocks that stood strong and performed well in the last month.
eMudhra
eMudhra Limited is a licensed certifying authority involved in providing digital signatures, authentication solutions, paperless office solutions, and other services around public key infrastructure technology. It is licensed by the Controller of Certifying Authorities (CCA) and the Ministry of Information Technology,
With a market capitalization of Rs. 5,772 Crores, the shares of eMudhra Limited closed at Rs. 739.25, down 2.01 percent from its previous day’s close price of Rs. 754.45. In the last month, it has delivered a return of 24 percent.
Its revenue from operations grew by 59.01 percent from Rs. 61 Crores in Q3FY23 to Rs. 97 Crores in Q3FY24, accompanied by profits of Rs. 15 Crores to Rs. 20 Crores.
It has reported a return on equity (ROE) of 22.4 percent and a return on capital employed (ROCE) of 24 percent, it is making good returns on its equity and capital employed.
Vadilal Industries
Vadilal Industries Limited is a FMCG company, engaged in the business of manufacturing and supplying ice cream, frozen desserts, yogurt, processed foods, and other dairy products across its distribution network.
With a market capitalization of Rs. 3,256 Crores, the shares of Vadilal Industries Limited closed at Rs. 4,530, up 4.24 percent from its previous day’s close price of Rs. 4,530. In the last month, it has delivered a return of 25 percent.
Its revenue from operations grew by 21.53 percent from Rs. 143.38 Crores in Q3FY23 to Rs. 174.26 Crores in Q3FY24, accompanied by a loss of Rs. 9.29 Crores to a profit of Rs. 9.24 Crores.
It has reported a return on equity (ROE) of 28.4 percent and a return on capital employed (ROCE) of 25.6 percent, it is making good returns on its equity and capital employed.
Dynacons Systems and Solutions
Dynacons Systems & Solutions Limited is an Information Technology solutions company engaged in providing systems integrations that include the sale of IT Products and services like infrastructure design, turnkey system integration of networks, consulting services and many more.
With a market capitalization of Rs. 1,338 Crores, the shares of Dynacons Systems and Solutions closed at Rs. 1,054, up 4.24 percent from its previous day’s close price of Rs. 1,023.65. In the last month, it has delivered a return of 21 percent.
Its revenue from operations grew by 31.91 percent from Rs. 172 Crores in Q3FY23 to Rs. 227 Crores in Q3FY24, accompanied by profits of Rs. 8 Crores to Rs. 13 Crores.
It has reported a return on equity (ROE) of 38.9 percent and a return on capital employed (ROCE) of 36.5 percent, it is making good returns on its equity and capital employed.
Cigniti Technologies
Cigniti Technologies is engaged in the business of providing quality engineering & software testing services across it network around the world. The services include test automation, security testing, digital assurance, performance engineering, and many more.
With a market capitalization of Rs. 3,442 Crores, the shares of Cigniti Technologies Limited closed at Rs. 1,261, down 0.43 percent from its previous day’s close price of Rs. 1266.50. In the last month, it has delivered a return of 18 percent.
Its revenue from operations grew by 9.34 percent from Rs. 428 Crores in Q3FY23 to Rs. 468 Crores in Q3FY24, accompanied by profits of Rs. 47 Crores to Rs. 48 Crores.
It has reported a return on equity (ROE) of 32.1 percent and a return on capital employed (ROCE) of 38.2 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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