Here are the top performing Indian smallcaps as of May 18, 2023:
- WPIL
- GNA Axles
- BF Investment
- Cigniti Technologies
- Pennar Industries
- BCL Industries
- Symphony
- Apar Industries
- Zensar Technologies
- Finolex Cables
These stocks have all outperformed the broader market in recent months, and they are seen as being well-positioned for continued growth in the coming years.
WPIL is a manufacturer of pumps and motors. The company has benefited from the strong growth in the infrastructure sector in India.
GNA Axles is a manufacturer of axles for commercial vehicles. The company has benefited from the strong growth in the commercial vehicle sector in India.
BF Investment is a financial services company that provides loans to small and medium-sized businesses. The company has benefited from the strong growth in the SME sector in India.
Cigniti Technologies is a software testing company. The company has benefited from the growing demand for software testing services in India.
Pennar Industries is a manufacturer of wires and cables. The company has benefited from the strong growth in the construction and infrastructure sectors in India.
BCL Industries is a manufacturer of cement. The company has benefited from the strong growth in the construction sector in India.
Symphony is a manufacturer of medical devices. The company has benefited from the growing demand for medical devices in India.
Apar Industries is a manufacturer of pipes and tubes. The company has benefited from the strong growth in the infrastructure sector in India.
Zensar Technologies is a software services company. The company has benefited from the growing demand for software services in India.
Finolex Cables is a manufacturer of wires and cables. The company has benefited from the strong growth in the construction and infrastructure sectors in India.