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Smallcap Stocks Shine: Thangamayil, CCL Products Top Weekly Gainers
The Indian stock market saw a powerful smallcap rally this week, with Thangamayil Jewellery and CCL Products surging up to 56% to rank among the top 10 weekly performers. This surge reflects growing investor confidence in high-growth smallcaps, fueled by strong fundamentals, festive demand, and sectoral tailwinds.
Why Are Smallcaps Rallying? Key Drivers
The smallcap rally is driven by:
– Bullish Market Sentiment: With Nifty and Sensex near record highs, investors are betting on smallcaps for higher returns.
– Sector Rotation: Jewellery, FMCG, and chemicals gained due to festive demand and stable input costs.
– Strong Earnings: Robust Q4 FY24 results boosted optimism in select smallcap stocks.
Thangamayil Jewellery: Up 56% on Festive Demand
The Madurai-based jeweller soared 56% this week due to:
✔ Wedding & Festive Boost: Rising gold demand ahead of Akshaya Tritiya.
✔ Tier 2/3 Expansion: New stores driving revenue growth.
✔ Stable Gold Prices: Domestic prices supported margins.
Analysts highlight Thangamayil’s regional brand strength as a key advantage.
CCL Products: 38% Jump on Coffee Export Boom
The instant coffee maker climbed 38%, backed by:
✔ Global Demand: Strong exports to Europe and the Middle East.
✔ Premium Coffee Trend: Higher-margin products lifting profits.
✔ Lower Bean Costs: Falling raw material prices improved margins.
India’s growing coffee export role positions CCL for long-term gains.
Other Top Smallcap Gainers
- Sarda Energy & Minerals (+49%) – Rising steel demand.
- Kalyani Forge (+45%) – Auto sector recovery.
- Bharat Dynamics (+32%) – Defence order optimism.
Should You Invest in Smallcaps Now?
Pros: High growth potential, undervalued picks.
Risks: Volatility, liquidity risks, overvaluation in some stocks.
Expert Take:
“Focus on fundamentally strong smallcaps with sustainable models. Avoid blind momentum chasing.”
– Santosh Kumar, Market Analyst, NextMinuteNews
Will the Rally Continue?
Key factors to watch:
– Macro Trends: Inflation, global cues, and FII flows.
– Q1 FY25 Earnings: Upcoming results will test sustainability.
While Thangamayil, CCL, and others lead the charge, diversification and caution are advised.
Stay updated with NextMinuteNews for real-time market insights!
Disclaimer: Not investment advice. Consult a financial advisor before investing.
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