Smallcaps In December 2025 –0.65%

3 Feb 2026 , 05:20 PM

In December 2025, the Nifty Smallcap 100 index had a negative return of -0.65%. This was driven by weak performance in Consumer Discretionary, Utilities and Healthcare stocks. Commodities, on the other hand, posted a strong gain. The market breadth was negative with 43 stocks advancing and 55 declining. 

Chart: Monthly Return Chart 

Source: NSE 

How was the market breadth: 43 advanced, while 55 declined: 

In Dec-2025, the market breadth was slightly negative with 43 stocks advancing while 55 stocks declined. In comparison, this is mildly better than November, which saw weaker breadth with only 30 stocks advancing versus 68 declining. 

Table: Advances and Declines history 

Month	Advances	Declines	Advance/Decline Ratio  close
Dec-2025	43	55	0.78
Nov-2025	30	68	0.44
Oct-2025	65	33	1.97
Sep-2025	60	39	1.54
Aug-2025	20	78	0.26
Jul-2025	28	71	0.39
Jun-2025	72	27	2.67
May-2025	86	13	6.62
Apr-2025	52	47	1.11
Mar-2025	83	16	5.19
Feb-2025	11	88	0.12
Jan-2025	20	79	0.25

Source: NSE 

Chart: Trends In ADR Ratio 

Source: NSE 

Commodities perform the best while Utilities perform the worst: 

Commodities was the best-performing sector in the latest month with a weighted return of 5.5%. This was driven by strong performances from stocks like Hindustan Copper Ltd, Himadri Speciality Chemical Ltd, and Chambal Fertilisers & Chemicals Ltd. On the other hand, the worst-performing sector was Utilities, which saw a decline of 8.12%, with key contributors to this downturn including Reliance Power Ltd and CESC Ltd. 

Table: Performance Across Sectors 

Sector	Number Of Stocks	% Change (w. avg)	% Change (avg)
Commodities	10	5.5	6.95
Information Technology	8	2.21	1.88
Financial Services	18	0.38	-0.21
Fast Moving Consumer Goods	2	0.33	-0.55
Energy	4	-0.65	-1.14
Healthcare	7	-1.21	-3.25
Telecommunication	5	-2.31	-1.4
Services	5	-2.71	-1.42
Industrials	20	-3.03	-0.97
Consumer Discretionary	17	-4.17	-3.6
Utilities	2	-8.12	-7.24

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 Hindustan Copper Ltd, Laurus Labs Ltd, and Navin Fluorine International Ltd with returns of 110.11%, 84.24%, and 82.85% respectively. These stocks were primarily from the Commodities and Healthcare sectors. 

Table: Top-15  

Stock	Sector	% Change (1Y)
Hindustan Copper Ltd	Commodities	110.11
Laurus Labs Ltd	Healthcare	84.24
Navin Fluorine International Ltd	Commodities	82.85
Multi Commodity Exchange of India Ltd	Financial Services	78.68
Manappuram Finance Ltd	Financial Services	65.21
Godfrey Phillips India Ltd	Fast Moving Consumer Goods	60.28
Poonawalla Fincorp Ltd	Financial Services	53.63
Garden Reach Shipbuilders  Engineers Ltd	Industrials	52.74
HBL Engineering Ltd	Industrials	49.18
Narayana Hrudayalaya Ltd	Healthcare	49.0
IIFL Finance Ltd	Financial Services	47.64
Karur Vysya Bank Ltd	Financial Services	47.64
CreditAccess Grameen Ltd	Financial Services	43.66
Redington Ltd	Services	39.16
IDBI Bank Ltd	Financial Services	37.53

Source: NSE 

Bottom performers over a 1 Year Horizon: 

Over the past year, the bottom performers included Brainbees Solutions Ltd, Newgen Software Technologies Ltd, and Kaynes Technology India Ltd with returns of -56.0%, -50.1%, and -45.9% respectively. These stocks were primarily from the Consumer Discretionary and Industrials sectors. 

Table: Bottom-15  

Stock	Sector	% Change (1Y)
Brainbees Solutions Ltd	Consumer Discretionary	-56.0
Newgen Software Technologies Ltd	Information Technology	-50.1
Kaynes Technology India Ltd	Industrials	-45.9
Tejas Networks Ltd	Telecommunication	-45.22
Zen Technologies Ltd	Industrials	-43.97
Ramkrishna Forgings Ltd	Consumer Discretionary	-41.37
PG Electroplast Ltd	Consumer Discretionary	-41.31
NCC Ltd	Industrials	-40.84
HFCL Ltd	Telecommunication	-39.81
Sonata Software Ltd	Information Technology	-39.02
International Gemmological Institute (India) Ltd	Services	-38.69
KEC International Ltd	Industrials	-38.06
Cyient Ltd	Information Technology	-37.95
Action Construction Equipment Ltd	Industrials	-37.07
Anant Raj Ltd	Consumer Discretionary	-35.94

Source: NSE 

Stocks Near 52 Week Highs: 

As of the end of last month, nearly 56 stocks were trading more than 20% below their 52-week highs. Only 16 stocks were within 10% of their 52-week highs, with Multi Commodity Exchange of India Ltd, Karur Vysya Bank Ltd and IIFL Finance Ltd being the closest. 

Table: Stocks within 10% of 52 Week High  

Stock	Sector	Last Close	52 Week High	vs 52 Week High (%)
Multi Commodity Exchange of India Ltd	Financial Services	11125.0	11125.0	0.0
Karur Vysya Bank Ltd	Financial Services	263.83	263.83	0.0
IIFL Finance Ltd	Financial Services	610.5	610.5	0.0
Laurus Labs Ltd	Healthcare	1108.0	1108.0	0.0
IDBI Bank Ltd	Financial Services	102.99	104.62	-1.56
Manappuram Finance Ltd	Financial Services	308.55	314.55	-1.91
Great Eastern Shipping Company Ltd	Services	1129.0	1151.8	-1.98
Hindustan Copper Ltd	Commodities	518.3	533.35	-2.82
Radico Khaitan Ltd	Fast Moving Consumer Goods	3295.0	3400.0	-3.09
Navin Fluorine International Ltd	Commodities	5920.0	6144.0	-3.65
Sagility Ltd	Information Technology	52.02	54.5262	-4.6
NBCC (India) Ltd	Industrials	121.77	127.8822	-4.78
Nuvama Wealth Management Ltd	Financial Services	1480.5	1579.82	-6.29
Go Digit General Insurance Ltd	Financial Services	344.6	372.35	-7.45
CESC Ltd	Utilities	167.56	182.05	-7.96
Kalpataru Projects International Ltd	Industrials	1202.4	1314.5	-8.53

Source: NSE 

Chart: Distribution of stocks vs their 52-week highs 

Source: NSE 

Stocks Near 52 Week Lows: 

As of the end of last month, nearly 56 stocks were more than 20% above their 52-week lows. Only 16 stocks were within 5% of their 52-week lows, with Tejas Networks Ltd, Bata India Ltd, and Crompton Greaves Consumer Electricals Ltd being the closest. 

Table: Stocks within 10% of 52 Week Low  

Stock	Sector	Last Close	52 Week Low	vs 52 Week Low
Aarti Industries Ltd	Commodities	373.9	349.7	6.92
Amara Raja Energy  Mobility Ltd	Consumer Discretionary	909.85	895.95	1.55
Mahanagar Gas Ltd	Energy	1136.1	1105.6	2.76
Tata Chemicals Ltd	Commodities	765.55	748.4	2.29
Afcons Infrastructure Ltd	Industrials	386.9	379.45	1.96
Brigade Enterprises Ltd	Consumer Discretionary	885.0	855.95	3.39
Piramal Pharma Ltd	Healthcare	172.21	166.52	3.42
PCBL Chemical Ltd	Commodities	301.95	285.0	5.95
Aditya Birla Real Estate Ltd	Commodities	1674.8	1568.7	6.76
Bata India Ltd	Consumer Discretionary	943.0	938.05	0.53
Five-Star Business Finance Ltd	Financial Services	545.35	510.25	6.88
Crompton Greaves Consumer Electricals Ltd	Consumer Discretionary	252.25	249.15	1.24
Indian Energy Exchange Ltd	Financial Services	134.16	132.14	1.53
Inox Wind Ltd	Industrials	123.53	119.8	3.11
Action Construction Equipment Ltd	Industrials	946.65	923.9	2.46
Tata Teleservices (Maharashtra) Ltd	Telecommunication	49.57	45.65	8.59
Cyient Ltd	Information Technology	1118.0	1101.5	1.5
NCC Ltd	Industrials	160.44	153.07	4.81
Tejas Networks Ltd	Telecommunication	449.65	447.5	0.48
Ramkrishna Forgings Ltd	Consumer Discretionary	523.15	477.95	9.46
Kaynes Technology India Ltd	Industrials	4013.0	3807.0	5.41
Reliance Power Ltd	Utilities	34.85	32.92	5.86
Newgen Software Technologies Ltd	Information Technology	845.1	818.15	3.29
Brainbees Solutions Ltd	Consumer Discretionary	286.9	279.95	2.48

Source: NSE 

Chart: Distribution of stocks vs their 52 week Low 

Source: NSE