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

NRB Industrial Bearings, JBM Auto, Swelect Energy Systems, Arshiya Limited, Allied Digital Services and Bedmutha Industries made a fresh 52-week high today.

On Wednesday, headline indices Sensex and Nifty recorded new highs of 60,836.63 and 18.197.80 respectively. Both indices closed the session with gains of 0.75 per cent and 0.94 per cent respectively. BSE Mid-cap index rallied 1.56 per cent to end at 26,556.43. BSE Small-cap index relatively outperformed broader markets by gaining only 0.59 per cent. 

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

Palred Technologies – The company has announced that their affordable digital lifestyle and audio accessories brand pTron has forayed into the smart speaker market with its latest portable Alexa built-in smart speaker, pTron Musicbot Cube. With a proud tag of ‘Made in India’, the Alexa built-in smart speaker now joins the wide ecosystem of pTron audio devices and enjoys the best of its innovation. 

pTron Musicbot Cube is portable, with hands-free Alexa control. Even in noisy environments, the far-field voice technology allows the speaker to hear commands from a distance. Musicbot Cube is the amalgamation of pTron’s signature sound and the best of Alexa’s features and skills. 

To quote Ameen Khwaja, Founder and CEO of pTron from a filing with the exchange, “Venturing into the segment with the new Musicbot Cube, we are redefining the customer experience for every generation of audio enthusiasts. Backed by the strong innovation at pTron, India will now witness a highly competitive and diverse smart home accessories market where AI is accessible to all. With Musicbot Cube, we aim to disrupt the smart speaker segment” 

Brahmaputra Infrastructure – The company along with their joint venture partner have received a Letter of Acceptance (LOA) from the office of Mission Director (Assam Skill Development Mission) for the execution of the Contract Package. It is the detailed design and construction of ASU campus and facilities campus development including landscape, horticulture, water bodies, internal roads, pavements, drainage, electrification, street lighting, sewerage, water supply, etc. It also includes building works for academic blocks, specialized laboratories, workshops, computer laboratory, library, administration and special service facility buildings such as canteen, hostels and recreation facilities for a total amount Rs 293.88 crore.  

52-week High Stocks – NRB Industrial Bearings, JBM Auto, Swelect Energy Systems, Arshiya Limited, Allied Digital Services and Bedmutha Industries made a fresh 52-week high today. These small-cap stocks will likely be in focus on Thursday, October 14, 2021.