Top small cap stocks recommended by HDFC Securities for short trade opportunities

SUMMARY

The NSE small cap sector was in a downtrend in the last couple of weeks, said HDFC Securities. After the consistent higher high formation in the last 5-6 months, the NSE midcap sector has formed a new lower top in the month of May. This formation indicates a weak previous upside bounce and one may expect some more downward correction ahead in the sector. “The near-term trend of the NSE small cap sector is down and the overall chart pattern signals further weakness in the sector in coming weeks,” the report noted. Here are the top smalll cap stocks recommended by HDFC Securities for short trade opportunities: (Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions)

By Mousumi Paul Jun 18, 2019 9:03:54 AM IST (Published)

1. BEML: This small cap has declined 4 percent this year and 0.4 percent in last one year. (Company Image)

2. CG Power: This small cap power stock has slipped about 33 percent this year and over 45 percent in last one year. (Company Image)

3. CanFin Homes: The small cap housing finance company this year has risen over 16 percent but fell about 3 percent in last one year. (Company Image)

4. Ceat: This tyre stock has in last one year has plunged 29 percent and this year, it has declined by 28 percent.(Company Image)

5. Escorts: The truck manufacturer in last one year has declined 40 percent and over 22 percent this year. (Company Image)

6. Godfrey Phillips: The small cap cigarette producer has has given good returns of about 19 percent in the last one year. However, this year, the stock declined 2 percent. (Company Image)

7. Jain Irrigation Systems: This small cap stock in the span of last one year has declined 64 percent and has also fallen about 50 percent this year. (Company Image)

8. Jet Airways: This small-cap airline stock fell 75 percent this year and nearly 82 percent in last one year.

9. PVR: This stock has increased only 1 percent this year and over 18 percent in last one year.

10. Raymond: This small cap clothing stock in last one year has declined more than 20 percent and nearly 7 percent this year. (stock image)