
In October 2025, the Nifty Smallcap 100 index had a positive return of 4.66%. This was driven by strong performances from sectors like Financial Services, led by Five-Star Business Finance Limited, Multi Commodity Exchange of India Limited, and IIFL Finance Ltd. The market breadth was positive with an Advance-Decline Ratio of 2:1, as 66 stocks advanced against 34 that declined.
Chart: Monthly Return Chart

Source: NSE
How was the market breadth: 66 advance while 34 decline:
In Oct-2025, the market breadth was positive. 66 stocks advanced while 34 stocks declined. In comparison to the last month, this is marginally better than September’s 61-39 split.
Table: Advances and Declines history
| Month | Advances | Declines | Advance/Decline Ratio
close |
| Oct-2025 | 66 | 33 | 2.0 |
| Sep-2025 | 61 | 39 | 1.56 |
| Aug-2025 | 20 | 79 | 0.25 |
| Jul-2025 | 29 | 71 | 0.41 |
| Jun-2025 | 73 | 27 | 2.7 |
| May-2025 | 87 | 13 | 6.69 |
| Apr-2025 | 52 | 48 | 1.08 |
| Mar-2025 | 84 | 16 | 5.25 |
| Feb-2025 | 11 | 89 | 0.12 |
| Jan-2025 | 20 | 80 | 0.25 |
| Dec-2024 | 47 | 51 | 0.92 |
| Nov-2024 | 47 | 49 | 0.96 |
Source: NSE
Chart: Trends In ADR Ratio

Source: NSE
Financial Services performs the best while Energy performs the worst:
Financial Services was the best performing sector in the latest month with a weighted return of 10.61%. This was driven by strong performances from stocks like Five-Star Business Finance Limited, Multi Commodity Exchange of India Limited, and IIFL Finance Ltd. On the other hand, the worst performing sector was Unknown which saw a decline of 4.23%. Key contributors to this downturn included the single stock in this category, though no company name is available for it.
Table: Performance Across Sectors
| Sector | Number Of Stocks | % Change (w. avg) | % Change (avg) |
| Financial Services | 16 | 10.61 | 8.86 |
| Healthcare | 10 | 7.91 | 7.99 |
| Real Estate | 3 | 6.7 | 3.66 |
| Utilities | 5 | 6.41 | 5.79 |
| Basic Materials | 13 | 5.31 | 3.51 |
| Technology | 12 | 3.44 | 3.73 |
| Communication Services | 5 | 2.82 | 2.5 |
| Industrials | 23 | 2.21 | 2.22 |
| Consumer Defensive | 2 | 2.13 | -0.23 |
| Consumer Cyclical | 8 | -1.22 | 0.12 |
| Energy | 2 | -2.19 | -2.18 |
| Miscellaneous | 1 | -4.23 | -4.23 |
Source: NSE
Chart: Sector Performance Heatmap Over the Past Year

Source: NSE
Top performers over a 1 Year Horizon:
Over the past year, the top performers were led by Laurus Labs Limited, HBL Engineering Ltd., and Manappuram Finance Limited with returns of 94.71%, 78.96%, and 74.28% respectively. These stocks were primarily from the Healthcare and Industrials sectors.
Table: Top-15
| Stock | Sector | % Change (1Y) |
| Laurus Labs Limited | Healthcare | 94.71 |
| HBL Engineering Ltd. | Industrials | 78.96 |
| Manappuram Finance Limited | Financial Services | 74.28 |
| Navin Fluorine International Limited | Basic Materials | 71.29 |
| Garden Reach Shipbuilders Engineers Limited | Industrials | 59.59 |
| Aster DM Healthcare Limited | Healthcare | 54.07 |
| CreditAccess Grameen Limited | Financial Services | 44.98 |
| ITI Limited | Technology | 43.42 |
| Godfrey Phillips India Limited | Consumer Defensive | 42.69 |
| Multi Commodity Exchange of India Limited | Financial Services | 42.55 |
| Narayana Hrudayalaya Limited | Healthcare | 38.4 |
| Welspun Corp Limited | Basic Materials | 33.4 |
| Redington Limited | Technology | 33.39 |
| Amber Enterprises India Limited | Consumer Cyclical | 33.05 |
| Radico Khaitan Limited | Consumer Defensive | 31.97 |
Source: NSE
Bottom performers over a 1 Year Horizon:
Over the past year, the bottom performers included Tejas Networks Limited, NATCO Pharma Limited, and Ramkrishna Forgings Limited with returns of -42.57%, -41.26%, and -40.93% respectively.
Table: Bottom-15
| Stock | Sector | % Change (1Y) |
| Tejas Networks Limited | Technology | -42.57 |
| NATCO Pharma Limited | Healthcare | -41.26 |
| Ramkrishna Forgings Limited | Industrials | -40.93 |
| HFCL Limited | Technology | -39.59 |
| Sonata Software Limited | Technology | -38.52 |
| Jupiter Wagons Limited | Industrials | -37.29 |
| Cyient Limited | Industrials | -34.39 |
| Birlasoft Limited | Technology | -31.8 |
| Aditya Birla Real Estate Ltd. | Basic Materials | -31.52 |
| Inox Wind Limited | Utilities | -30.68 |
| NCC Limited | Industrials | -28.22 |
| Zen Technologies Limited | Industrials | -27.87 |
| Titagarh Rail Systems Limited | Industrials | -27.35 |
| Crompton Greaves Consumer Electricals Limited | Consumer Cyclical | -27.05 |
Source: NSE
Stocks Near 52 Week Highs:
As of end of last month, nearly 50+ stocks were more than 20% away from their 52-week highs. Only 8 stocks were within 10% of their 52-week highs, with Welspun, HBL, IDBI, Laurus Labs and MCX being the closest.
Table: Stocks within 10% of 52 Week High
| Stock | Sector | Last Close | 52 Week High | vs 52 Week High (%) |
| Welspun Corp Limited | Basic Materials | 965.75 | 994.0 | -2.84 |
| HBL Engineering Ltd. | Industrials | 1004.2 | 1033.65 | -2.85 |
| IDBI Bank Limited | Financial Services | 103.8 | 106.97 | -2.96 |
| Laurus Labs Limited | Healthcare | 953.65 | 985.5 | -3.23 |
| Multi Commodity Exchange of India Limited | Financial Services | 9243.0 | 9625.0 | -3.97 |
| CreditAccess Grameen Limited | Financial Services | 1423.6 | 1490.1 | -4.46 |
| IIFL Finance Ltd. | Financial Services | 534.6 | 559.75 | -4.49 |
| Delhivery Limited | Industrials | 465.95 | 489.1 | -4.73 |
| The Karur Vysya Bank Limited | Financial Services | 243.15 | 258.5 | -5.94 |
| Go Digit General Insurance Limited | Financial Services | 358.65 | 381.4 | -5.96 |
| Navin Fluorine International Limited | Basic Materials | 5687.4 | 6099.0 | -6.75 |
| Amber Enterprises India Limited | Consumer Cyclical | 8036.5 | 8626.0 | -6.83 |
| Hindustan Copper Limited | Basic Materials | 340.25 | 365.5 | -6.91 |
| Aadhar Housing Finance Ltd. | Financial Services | 509.85 | 547.8 | -6.93 |
| Kalpataru Projects International Limited | Industrials | 1256.4 | 1352.85 | -7.13 |
| Aster DM Healthcare Limited | Healthcare | 678.05 | 732.2 | -7.4 |
| Radico Khaitan Limited | Consumer Defensive | 3135.0 | 3423.0 | -8.41 |
| Neuland Laboratories Limited | Healthcare | 16473.0 | 18100.0 | -8.99 |
| Sagility India Limited | Healthcare | 52.54 | 57.89 | -9.24 |
| Manappuram Finance Limited | Financial Services | 269.5 | 298.0 | -9.56 |
| BEML Limited | Industrials | 2199.9 | 2437.4 | -9.74 |
Source: NSE
Chart: Distribution of stocks vs their 52 week highs

Source: NSE
Stocks Near 52 Week Lows:
As of end of last month, nearly 70+ stocks were more than 20% away from their 52-week lows. Only 3 stocks were within 10% of their 52-week lows, with Tejas Networks Limited, HFCL Limited, and Ramkrishna Forgings being the closest.
Table: Stocks within 10% of 52 Week Low
| Stock | Sector | Last Close | 52 Week Low | vs 52 Week Low |
| Signatureglobal (India) Limited | Real Estate | 1084.3 | 988.0 | 9.75 |
| PCBL Limited | Basic Materials | 362.0 | 331.0 | 9.37 |
| Bata India Limited | Consumer Cyclical | 1070.6 | 1025.1 | 4.44 |
| Crompton Greaves Consumer Electricals Limited | Consumer Cyclical | 282.7 | 278.0 | 1.69 |
| Piramal Pharma Limited | Healthcare | 199.63 | 181.73 | 9.85 |
| Chambal Fertilisers and Chemicals Limited | Basic Materials | 481.0 | 452.35 | 6.33 |
| Indian Energy Exchange Limited | Financial Services | 139.31 | 130.26 | 6.95 |
| Tata Teleservices (Maharashtra) Limited | Communication Services | 54.58 | 50.1 | 8.94 |
| Cyient Limited | Industrials | 1165.2 | 1084.05 | 7.49 |
| HFCL Limited | Technology | 73.51 | 68.56 | 7.22 |
| Ramkrishna Forgings Limited | Industrials | 543.0 | 513.2 | 5.81 |
| Tejas Networks Limited | Technology | 533.5 | 532.25 | 0.23 |
Source: NSE
Chart: Distribution of stocks vs their 52 week Low

Source: NSE
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