Money on the markets

A maturing market amid the mayhem

Small caps shine

August 13, 2009

MARKETS-SOUTHASIA-STOCKS/The BSE Small-cap index gained over 4 percent in Thursday’s market rally with stocks such as Firstsource Solutions and SpiceJet gaining over 12 and 10 percent respectively.

From the 463 stocks in the small cap index, around 30 posted double-digit gains, data from Thomson Reuters showed.

Firstsource Solutions, a company involved in IT-enabled services, was the top traded counter of the day. Its stock has jumped by 153 percent in 2009.

The small cap index has been on a roll and has gained 96 percent since April this year, beating its mid-cap counterpart.

But small cap stocks are generally considered more risky when compared to large or mid-cap counters.

Do you think your investment portfolio should contain such stocks to cash in on their rise?

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