10 BSE500 stocks delivered double-digit returns for investors, with Tata Investments (NSE 2.82%) posting a staggering 51% return, even as significant indexes Sensex and Nifty closed the week down 1.7%.

Shares of Tata Group rose more than 83% last month as analysts made little sustained buying.

Apart from Tata Investments, at least nine other stocks rose 10-16% this week. FMCG stock KRBL (NSE -1.72%) was the second-best performer on the BSE500 index, gaining about 16%. Tire stock Ceat also rose about 15.8% after management delivered firm comments on several parameters, including product demand, weak raw material prices and capacity expansion.

Other top gainers included Kalyan Jewellers, Ambuja Cements (NSE -4.09%), The India Cements, ACC, Kajaria Ceramics (NSE -0.5%) and PNB Housing Finance (NSE -0.66%).

On the other hand, the biggest losers are Indiabulls Real Estate (NSE -6.29%), Asahi India Glass (NSE -4.58%), Housing & Urban Development Corporation, Elgi Equipments (NSE -6.82%), Timken India (NSE -7.68) %) and Mahindra Lifespace Developers (NSE -6.8%).

In the small-cap space, JSW Holdings (NSE -2.97%) (28%), DB Realty (NSE 4.97%) (27.5%) and DB Corp (NSE -5.43%) (25%) were the top gainers.

Sector-wise, Nifty Metal was the biggest weekly gainer, gaining 1.9%. Nifty Bank’s gains were also impressive, closing the week up 0.9%.

Nifty IT is the worst loser in the industry amid fears of a recession in the US and global markets. The index fell 7% in just five days.

Analysts expect small and mid-cap stocks to continue to outperform the broader market in short to medium term, as they trade pretty well compared to large-cap stocks and are below their historical valuation trends.

Ajit Mishra, vice president of Religare (NSE -5.07%) Broking, said: “In the industry mix, the banking sector still looks relatively strong, so players can continue to buy private banking names on dips.”