Small-cap stocks created wealth more than 1000 per cent

The S&P BSE Small-cap index hit a fresh 9-year high of 14134.66 on Friday, on an intra-day basis. The index is just 104 points away from its all-time high of 14239, touched on January 8, 2008.

On closing levels, the index ended at 14077, with an increment of 0.35 per cent on March 24.

Total 49 stocks from the Small-cap index have seen their market value appreciating by more than thousand per cent since January 7, 2008. Symphony, Caplin Point Laboratories, DFM Foods, Avanti Feeds and Relaxo Footwear have zoomed over five thousand per cent.

Of these, six companies are from the pharmaceutical sector, followed by auto, chemicals and plastic products (5 each) and consumer durables and finance (4 each).

Besides, these 49 stocks, total 276 stocks rallied more than 100 per cent.

However, more than one-third or 218 stocks are still trading below their January 2008 levels. Of these, 144 stocks are down more than 50 per cent each.

Unitech, Gammon India, IVRCL, 63 Moons Technologies (formerly Financial Technologies), Punj Lloyd, Suzlon Energy, Aban Offshore and MMTC are among 35 stocks which are down more than 90 per cent each.