Smallcap Stocks: The Nifty Smallcap-100 index saw a decline for the fourth consecutive day on 22 July today. Investors are constantly making profits in this segment amidst the concerns related to high valuation. The Nifty Smallcap-100 index fell by 0.32 per cent today during trading. At the same time, in the last 4 days, this index has come down by about 1.25 percent so far.
Aarti Industries is at the top of the smallcap stocks that saw the biggest decline on July 22. Around 3 pm, Aarti Industries shares were trading at a price of Rs 422.30 with a decline of around 4.44 per cent.
Talking about other top losques, Jansar Tech’s shares were down by Rs 4.13 per cent to Rs 810.55, Trident’s shares fell by 3.90 per cent, Rs 30.31, Reliance Power shares declined by 3.42 per cent to Rs 61.35 and Piramal Pharma’s shares were trading at Rs 205.51 with 2.92 per cent decline.
Not only smallcap, midcap stocks also saw a decline during today’s business. The Nifty Midcap 100 index was trading down by 0.4 per cent.
Midcap shares also decline
The most decline on Nifty Midcap was seen in the shares of AU Small Finance Bank. AU Small Finance Bank shares were trading at a price of Rs 724.70 with a decline of 3.75 per cent. This decline has come after the bank reported a decline in its asset quality. AU Small Finance Bank’s gross-NPA rose to 2.47 per cent at the end of the June quarter, which was 1.78 per cent in the same quarter a year ago.
The bank said that its net profit in the June quarter increased by 16 per cent to Rs 581 crore on an annual basis, which was Rs 503 crore in the same quarter a year ago.
Apart from AU Small Finance Bank, Aurobindo Pharma shares fell by 3.29 per cent, Vodoffan Idea shares fell by 2.88 per cent and gold BLW Precision’s shares fell by 2.85 per cent.
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