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

IMP Powers, Zodiac Energy, Indo Thai Securities, Megasoft, Digjam, SEL Manufacturing Company, Servotech Power Systems and Tantia Constructions made a fresh 52-week high today.  

On Monday, Indian equity markets witnessed a bloodbath with heavy selling pressure. Frontline indices Nifty 50 and Sensex plunged by 2.18 per cent and 2.09 per cent each to close the session at 16,614.20 and 55,822.01 respectively. BSE Small-cap index fell by 3.31 per cent to end the first trading session of the week at 27,514.42. 

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

Sterlite Technologies – The company has recently announced the general availability of Programmable FTTx (pFTTX), a software-defined, open, and disaggregated solution that will make fibre networks highly intelligent and responsive. The solution is now listed on VMware Telco Cloud Infrastructure 2.0 (OpenStack Edition Platform). The company has been a pioneer in optical connectivity for over 25 years. Now with the launch of this solution, it is bringing software-defined networking to large scale fibre to the home, cell sites and business networks. 

Wardwizard Innovations & Mobility – The company has informed the exchange that it has signed a Memorandum of Understanding (MOU) with the Gujarat government to invest Rs 500 crore. The agreement aims to foster the growth of the electric vehicle industry and meet the government’s vision of strengthening green mobility in the state. 

The company will utilize the investment in research and development of electric two and three-wheelers, setting up the motor assembly at Vadodara’s facility, and developing ancillaries to manufacture raw materials. The company will also generate more than 6000 jobs in Gujarat. 

52-week High Stocks – IMP Powers, Zodiac Energy, Indo Thai Securities, Megasoft, Digjam, SEL Manufacturing Company, Servotech Power Systems and Tantia Constructions made a fresh 52-week high today.  

These small-cap stocks will likely be in focus on Tuesday, December 21, 2021.