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The MCX October gold futures were trading up by Rs 30 or 0.05% from the Tuesday closing price at Rs 59,296 per 10 gram on the MCX while the September Silver futures were trading at Rs 76,293 per kg, lower by Rs 147 or 0.19%.

Topping the list is Kintech Renewables stock, which has jumped 7 times in FY24 and given more than 40% return so far in the month. The smallcap stock with a market capitalisation of just Rs 1,500 crore hardly has any analyst coverage.

Gujarat Ambuja Exports, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 6138.16 Crore) operating in Agro Processing sector.

A total of 9,755 shares changed hands on the counter till 10:10AM (IST).

"The capital good midcaps are playing out. A little bit of caution there, stay with the big one, Siemens, Bharat Forge, if you can term that as a capital good. Siemens, Bharat Forge, L&T, Thermax and ABB, are some of our preferred picks which are in our portfolio as a disclosure. We are not going overweight on them, we are staying put but like we said, these are the themes and that is why one can see that green shoots emerging on the capex side after 20 years ."

​It is a 2-day candlestick pattern in which there is a long green candle on the next day within the range of the previous day but that closes below the midpoint of the previous day’s candlestick body.​

The last time a stock with a tiny free float rose from relative obscurity to the ranks of the world’s largest companies, it didn’t end well. AMTD Digital Inc., another US-listed company with roots in Asia, soared more than 32,000% in the span of a few weeks. AMTD has since tumbled more than 99%, hitting a record low last week. Its valuation now stands at a humble $1.2 billion.

"Post covid, many mid-small cap companies have reported improvement in their operating performance coupled with leaner balance sheets. This has led to improved interest from investors esp. domestic players. Other than MFs and retail which regularly invest in mid-small companies, other investment managers such as PMS, AIFs, family offices, and HNIs are also actively participating in this space."

"PSU companies work on a very tight margin and if any slippages are there in the operations and the performance, probably we have a disappointment on the needs front that is one particular caution that one would like to exercise. At the same time, a year ahead as far as the election 2024 is concerned, this one-year time is likely to remain extraordinarily buoyant market condition for India markets."

The contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.