Overnight Digest: These small caps will be in focus on Thursday
Shiva Texyarn, Jindal Worldwide, Chembond Chemicals, Ingersoll Rand (India), Bosch, Bharat Gears, Arihant Superstructures, Grauer & Weil (India), Ambika Cotton Mills and Deep Industries made fresh 52-week high today.
On Wednesday, Indian stock markets witnessed profit booking and ended the session in the red territory. Sensex and Nifty fell by 0.93 per cent and 0.99 per cent to end at 59,189.7 and 17,646 respectively amid a choppy trading session. BSE Small-cap index also contracted by 158.62 points to close at 28,693.
The following small-cap and mid-cap stocks are likely to be in focus on Thursday:
Arihant Superstructures – The company has announced a sales booking of 831 units for H1FY22, indicating a robust sales velocity. In the corresponding period last year (H1-FY21), the company had achieved a sales booking figure of 321 units. The sales figure for FY21 was 1,097 units.
The company has also been recognized for the Business Excellence Awards by Adsync in partnership with Zee Business under the category of ‘Affordable Housing of the Year’ for its project ‘Arihant Anaika 2- Taloja’ in September 2021.
Ratnamani Metals and Tubes – The company has announced that it has received various orders aggregating to Rs 144 crore (excluding GST) for the supply of stainless steel pipes and carbon steel pipes from the oil and gas sector, to be executed in three to eight months.
Kings Infra Ventures – The company’s debenture committee, at its recent meeting held on October 1, 2021, has allotted the 17th tranche of 1800 Secured Redeemable Non-Convertible Debentures of the face value of Rs 1000 each aggregating to Rs 18 lakh on a private placement basis.
52-week High Stocks – Shiva Texyarn, Jindal Worldwide, Chembond Chemicals, Ingersoll Rand (India), Bosch, Bharat Gears, Arihant Superstructures, Grauer & Weil (India), Ambika Cotton Mills and Deep Industries made fresh 52-week high today. These small-cap stocks will likely be in focus on Thursday, October 7, 2021.