​Top 10 small cap stocks that mutual funds are buying into​

Jun 13, 2023

By: Katya Naidu

Small cap outperformance

In the last two months, the small cap index has run up by 20 percent. Here are the top 10 small cap stocks that MFs bought into in May, as per a report by ICICI Direct.

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Jupiter Wagons

Marketcap: 5,431 crore rupeesThe top MF buy in the small cap category is Jupiter Wagons, and recently received a nod from NCLT to acquire Stone India. It has been expanding capacities, and turned a multibagger with 139 percent returns in the last one year.

Credit: IANS

Astra Microwave Products

Marketcap: 3,431 crore rupeesThe company which makes sub-systems for radiofrequency and microwave systems used in defense, space and telecom domains gave 70 percent returns in the last one year.

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HEG Ltd.

Marketcap : 5,455 crore rupeesThe company which runs an integrated graphite plant gave 33 percent returns in the last one year.

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Globus Spirits

Marketcap: 3,597 crore rupeesThe Delhi-based distillery which manufactures liquor as well as other products, gave 35 percent returns in the last one year.

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Mazagon Dock Shipbuilders

Marketcap: 21,154 crore rupeesThe multibagger stock gave over 300 percent returns in the last one year, manufactures war ships and submarines for the Indian Navy.

Credit: IANS

Ujjivan Financial Services

Marketcap: 4,738 crore rupeesThe small finance bank which caters to financially unserved and underserved segments, is a multibagger that gave 189 percent returns in the last one year

Credit: IANS

JTEKT India

Marketcap: 3,339 crore rupeesThe company which manufactures and supplies steering systems, and has a Japanese parent company, gave 80 percent returns in the last one year.

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Graphite India

Marketcap: 7,578 crore rupees The manufacturer of graphite electrodes and carbon and graphite speciality products, gave negative returns to the tune of 6 percent in the last one year.

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Amara Raja Batteries

Marketcap: 10,679 crore rupeesThe battery manufacturer and storage solution provider gave 30 percent returns in the last one year.

Credit: IANS

Marksans Pharma

Marketcap: 4,002 crore rupeesThe pharma company is almost a multibagger, as it provided 97.7 percent returns in the last one year.

Credit: IANS

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