IT stock jumps 4% after securing multi-million-dollar digital banking deal in Africa
By Aditya Raghunath
Investing.com -- Mid-cap and small-cap companies have been on a roll in stock markets in 2021. The NIFTY Midcap 100 Index has risen 25% from December 2020 while the S&P BSE SmallCap index has performed even better, and is up 29% in 2021.
When there is so much interest in companies in these spaces, it is obvious that ace investors will also look at buying shares in companies with good potential. Ashish Dhawan, who is known for having a keen eye when it comes to small-cap stocks has increased his stakes in two small-cap stocks and one mid-cap pharma stock in the March quarter. Here is how his investments have performed so far:
- H S India Ltd (BO:HSIL)
Stake on December 31, 2020: 4.77%
Stake on March 31, 2021: 4.79%
Stock price on December 31, 2020: Rs 118.7
Closing price on May 21, 2021: Rs 203.6
Percentage difference: Up 71.5%
- Glenmark Pharmaceuticals Ltd (NS:GLEN)
Stake on December 31, 2020: 1.24%
Stake on March 31, 2021: 1.51%
Stock price on December 31, 2020: Rs 493.5
Closing price on May 21, 2021: Rs 607.25
Percentage difference: Up 23%
- Arvind Fashions Ltd (NS:ARVF)
Stake on December 31, 2020: 4.33%
Stake on March 31, 2021: 4.78%
Stock price on December 31, 2020: Rs 150.57
Closing price on May 21, 2021: Rs 140.3
Percentage difference: Down 7%