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

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

Armaan Madhani
/ Categories: Trending, Mindshare

Agro Phos India, Astec LifeSciences, Rajdarshan Industries, Parsvnath Developers, BCL Industries and Mold-Tek Packaging made a fresh 52-week high today.

On Monday, frontline domestic equity indices Nifty 50 and Sensex ended the session at 17,368.30 and 58,283.42, with losses of 0.82 per cent and 0.86 per cent respectively. Nifty Bank slipped 180.40 points i.e. 0.49 per cent. BSE Small-cap index outperformed broader markets, by climbing 0.24 per cent, to close the first trading session of the week at 29,332.19.

The following small-cap stocks are likely to be in focus on Tuesday:  

RattanIndia Enterprises – The EV two-wheeler manufacturer backed by the company Revolt Motors, has announced that it is expanding its retail presence in Southern India with the opening of its new store in Vijaywada, Andhra Pradesh. Last month the company opened its first outlet in Vizag and this is the second store in the state and its 20th retail outlet across the country.

The Andhra Pradesh government has also introduced policies to encourage faster adoption and manufacturing of EVs. The state government offers various subsidies for customers such as a 100 per cent road tax exemption for newly-purchased EVs. Andhra Pradesh’s EV policy supports every aspect of electric mobility and is focused on accelerating EV adoption.

 

Vikas Lifecare – The company has furnished the following business updates: 

  • Supplies of piping systems to Jal Jeewan Mission achieved a milestone while it crossed Rs 150 million in sales in the first six months since the business was started in June 2021 and business activities/customer response is on the track to comfortably exceed this year targeted sales of Rs 500 million for this segment.
  • In the agro products business segment, the company is getting an overwhelming response, receiving regular orders, the company has bagged export orders aggregating Rs 120 million of premium rice. The company will be expanding its export customer base by adding newer target countries and detailed market research will be taken up during the period from January to March 2022, to have a plan in place for scaling up exports with a target of Rs 300 million during the next financial year. 
  • In line with the pre-defined non-core assets monetization program, so far the company has recently signed up a definite arrangement to sell assets amounting to Rs 109 million, expected to be concluded on December 31, 2021. The funds raised from the sales of these non-business assets will be allocated to various business expansions. 

 

52-week High Stocks – Agro Phos India, Astec LifeSciences, Rajdarshan Industries, Parsvnath Developers, BCL Industries and Mold-Tek Packaging made a fresh 52-week high today. These small-cap stocks will likely be in focus on Tuesday, December 14, 2021.

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