Thu Mar 06 04:10:00 UTC 2025: ## Indian Small and Midcap Stocks Surge, Led by Wendt and Castrol

**Mumbai, March 6** – India’s small and midcap stocks soared on Monday, March 6th, fueled by bargain buying, stable crude oil prices, and positive news for US automakers. The BSE Smallcap index jumped nearly 2 percent to close at 45,253, while the BSE Midcap index gained almost 1 percent, reaching 40,003. This marks the third consecutive day of gains for the broader market indices, outperforming the benchmark Sensex and Nifty.

Wendt led the small-cap gainers, surging nearly 15 percent to Rs 9,830 per share. Other significant winners included Sportking India (+13%), Manoj Vaibhav Gems (+12%), Bharat Wire Ropes (+11%), Chennai Petroleum Corporation (+11%), Neogen Chemicals (+11%), Jyoti CNC Automation (+11%), and Prism Johnson (+10%).

However, not all stocks experienced growth. Gensol Engineering plummeted 10 percent, hitting a lower circuit breaker after a downgrade by ICRA due to alleged data falsification, a claim the company denies.

In the mid-cap segment, Castrol topped the list, rising over 10 percent to Rs 245 – its best single-day performance in over eight months. This surge follows reports that Saudi Aramco is considering a bid for BP Plc’s lubricant assets, which include the Castrol brand. JSW Infrastructure and Jindal Stainless also saw significant gains, exceeding 6 percent each, boosted by optimism surrounding China’s stimulus package and a weaker US dollar. Other strong mid-cap performers included Hindustan Petroleum Corp, PI Industries, KPIT Technologies, Indraprastha Gas (IGL), and Gland Pharma.

Conversely, Kalyan Jewellers, Coforge, Bharti Hexacom, Max Healthcare, and Persistent were among the top mid-cap losers, each experiencing losses of up to 4 percent. The overall positive market sentiment, however, overshadowed these declines.

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