Axiscades Technologies shares rose on Wednesday after Abakkus Asset Manager bought a 3.03% stake for around Rs 235 crore through a block deal. Kotak Mahindra Mutual Fund also picked up a 4.89% stake. Promoter Jupiter Capital sold a 10.69% stake for Rs 829.72 crore in the transaction.
Here are 10 small-cap stocks that could see the sharpest inflows and outflows.
uniQure shares plunged after four-year data for Huntington’s gene therapy AMT-130 showed weaker disease-progression slowing than earlier results. While 48-month TFC data remained encouraging, the cUHDRS effect was not statistically significant. Investors are now focused on FDA review and whether the therapy’s earlier benefits can demonstrate durability over time.
Molbio Diagnostics shares jumped after Jefferies initiated coverage with a Buy rating and named it a high-conviction top pick. The brokerage set a Rs 1,600 target price, implying 27% upside from Tuesday’s close and nearly 98% above its Rs 807 IPO price. The stock had listed at a 21% premium at Rs 980.
Chinese blue-chip stocks stayed near one-year lows despite Beijing’s latest credit, mortgage and investment support measures. The CSI 300 was headed for its steepest quarterly decline since 2022, while property and technology shares remained under pressure. Weak domestic demand, subdued trading ahead of the holiday and limited investor confidence continued to weigh on markets.
KSB shares gained 7% after the company secured a $12.4-million export order from Dangote Projects Free Zone Enterprise for 18 boiler feed pump packages.
Avalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the company’s equity. Three promoter entities were reported to be the likely sellers. The transaction is estimated to be worth between Rs 861.9 crore and Rs 922 crore.
STL Networks shares rose 5% after emerging as the lowest bidder for a Rs 249.8 crore RailTel contract to deploy cloud infrastructure at data centre and disaster recovery sites. The company is also planning a wholly owned subsidiary focused on data centres and connectivity. Its stock has gained sharply in recent months.
Nifty enters the October series after a 6.7% fall in the September series, its worst in 25 years. Foreign investors sold Rs 25,662 crore of Indian equities, while bearish futures positions increased. The index is also testing its 200-week moving average, making 22,600 a key technical level for investors.
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