Small-Cap, Mid-Cap Stocks Gained Up To 20% On Sebi's New Multi-Cap Fund Rule

The furore around new ruling on multicap funds which now demands fund manager to allocate 25% each to large, mid and small-cap stocks, there was seen surge in small cap and mid-cap stocks. While mid-cap stocks jumped over 2%, small cap managed to hit their 52-week high today outperforming the headline indices which ended lower due to weakness in heavyweight RIL in the later part of the trade.

Stocks from the mid-cap index which surged the most in September 14, 2020 session:

1. Mphasis which scaled to its 52-week high

2. Oberoi Realty

3. Shriram City Union Finance

4. Kansai Nerolac Paints

Among the small cap stocks that surged up to 20% were stocks including

1. Ramkrishna Forgings

2. KPIT Technologies Ltd

3. Indoco Remedies Ltd

4. Persistent Systems

5. Birla Corporation, which gained 14%

While all the above were locked in 20% upper circuit.

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