Indian Equity Markets Rebound After Recent Correction
Following a period of correction, Indian equity markets have witnessed a strong recovery amidst easing tensions between Israel and Iran. The S&P BSE Sensex and NSE Nifty 50 indices have both surged, nearing their respective all-time highs.
The Nifty SmallCap 250 index has also reached a new peak, driven by a 5.7% surge in the past six trading sessions. This positive market sentiment has led to expectations of further growth in specific small-cap stocks.
Five Small-Cap Stocks Poised for Growth
Aegis Logistics: This stock has broken out on the daily charts and is expected to remain bullish as long as it trades above Rs 570. Key momentum indicators favor further gains, with potential targets in the Rs 620 - Rs 630 range.
After reclaiming its 100-DMA, GNFC is expected to trade positively as long as it sustains above Rs 697. Potential upside targets include Rs 760, with interim resistance at Rs 730.
This stock is consolidating above its 20-DMA, with technical indicators suggesting an upcoming uptrend. The anticipated trading band is Rs 230, with interim resistance at Rs 218 and support at Rs 206 and Rs 201.50.
This stock has shown a tendency to rebound from daily lows, finding support around its 20-DMA at Rs 187. Key momentum indicators are turning positive, suggesting a potential bounce to Rs 205, with interim resistance at Rs 197.
These five small-cap stocks are expected to benefit from the current market sentiment and potentially deliver significant returns in the near future.