Overnight Digest: These small cap stocks will be in focus on Muhurat Trading!

The markets slipped in Wednesday trading session even as the realty stocks and PSU stocks outperformed. Following stocks will be in focus on Thursday (Muhurat Trading) session and also in next week:

Price Volume Breakout: Sheela Foam, NCL India, Edelweiss, Pondy Oxides & Chemicals, Odyssey Technologies, Keynote Financial Services, Inani Marbles & Industries, Manonay Tex India, Kapil Raj Finance and Amco India are some of the small cap companies that saw a price volume breakout in Wednesday trading session. These stocks will be in focus on Muhurat trading and beyond.

Bullish Engulfing Pattern: The shares of Ladderup Finance, Singer India, Tinna Rubber and Infrastructure, Ind-swift ltd, Focus lighting and fixtures, Supreme Infrastructure, Real Touch Finance, Caprolactum Chemicals and Hindustan Biosciences saw a bullish engulfing candlestick chart pattern formed on Wednesday. These stocks will be viewed with bullish perspective on Thursday (Muhurat trading).

Positive Closing: A stock can be said to have closed on a positive note or a bullish note when the closing price is close to equal to the day’s high price. The shares of Rishi Techtex, Pradhin, CG Power, United Credit, Polychemplast Machines, Mindteck (India) Ltd, Devki Leasing & Finance, Xelpmoc Design, and TCI industries managed to close at day’s high. These stocks will be viewed positively on Muhurat trading and next week as well. 

Medicamen Biotech: The shares of Medicamen Biotech jumped higher by more than 4 per cent on Wednesday as the company announced positive results. The shares gained with spurt in volume on Wednesday. Medicamen Biotech shares will be in focus on Thursday. 

52 Week High small cap stocks: The shares of Barbeque Nation, Salzer Electro, Digjam, GRSE, Ambika Cotton, VRL logistics and Astra Microwave were seen making fresh 52 week high in Wednesday trading session. These shares will be in focus on Thursday.