Overnight Digest: These small caps will be in focus on Monday

DRC Systems India, Shivam Autotech, Kamat Hotels, Nazara Technologies, Datamatics Global Services and Speciality Restaurants made a fresh 52-week high today. These small-cap stocks will likely be in focus on Monday, October 11, 2021.  

On Friday, headline indices Nifty and Sensex ended on a strong note, up by more than 0.50 per cent each, post a status quo monetary policy by the Reserve Bank of India (RBI). BSE Midcap index climbed by only 0.15 per cent and relatively underperformed broader markets. While BSE Smallcap index gained 0.83 per cent to end at 29,329.99.    

The following small-cap and mid-cap stocks are likely to be in focus on Monday:  

Karnataka Bank – The bank has launched a special campaign "KBL UTSAV 2021-22" for home loans, car loans -and gold loans with special interest rates, concession in processing charges and other benefits from October 7-10, 2021. Customers can avail the benefits of digital banking and offers of the special campaign across all its 857 branches. 

Ratnamani Metals and Tubes – The company has announced that it has received a new order of Rs 98 crore (excluding GST) for the supply of carbon steel pipes from the domestic oil and gas sector, to be executed in 5 to 12 months. 

KPI Global Infrastructure – The company has signed a new long term Power Purchase Agreement (PPA) with M/s GHCL Limited, Bhilad for the sale of 1.25 MW solar power for a period of 20 years under the Independent Power Producer (IPP) business vertical. 

PSP Projects – The company has been felicitated with an award of “Construction World - Stalwarts of the West, Gujarat” for their contribution towards strengthening the built environment at the CW Design Build Conclave and Awards held on October 07, 2021. The CW Design Build Conclave and Awards are encouraging the construction industry and bring architects, builders and contractors to a common platform and recognize their noteworthy achievements. 

52-week High Stocks – DRC Systems India, Shivam Autotech, Kamat Hotels, Nazara Technologies, Datamatics Global Services and Speciality Restaurants made a fresh 52-week high today. These small-cap stocks will likely be in focus on Monday, October 11, 2021.