Overnight Digest: These small caps will be in focus tomorrow

On Tuesday, domestic equity markets witnessed profit-booking, ending on a negative note. Headline indices Nifty 50 and Sensex fell by 1.07 per cent and 0.90 per cent, closing at 18,113.00 and 60,754.86 respectively. BSE Small-cap index underperformed broader markets, plunging 1.92 per cent and ending the session at 30,543.19.

The following small-cap stocks are likely to be in focus on Wednesday, January 19, 2022:  

Balu Forge Industries – The company has recently announced that it has recently acquired the precision machining unit of the Mercedes Benz Truck Factory from Mannheim, Germany. The recent acquisition will be installed in the new machining facilities of the company in Belgaum, Karnataka and will cement the company's position as a leading precision player throughout the globe. This expansion will enable the company to produce crankshafts and other precision machined components for original equipment manufacturers (OEMs) in class 7 and class 8 trucks and heavy-duty vehicle category. 

Ramkrishna Forgings – The company has announced a strong set of results for the quarter ended December 31, 2021. Highlights of the same are as follows: 

• Revenue of Rs 60,605.44 lakhs, YoY growth of 50.70 per cent. 
• EBITDA of Rs 14,020.84 lakhs, YoY growth of 79.36 per cent. 
• PAT of Rs 4,512.42 lakhs, YoY growth of 170.59 per cent. 
• Quarterly EPS for Q3FY22 is Rs 14.11 per share. 
• Declared third interim dividend of Rs 0.50 per share. 
• Stock split of company's equity shares of face value of Rs 10 each to face value of Rs 2 each. 
• Company sets a target to be net debt free by FY2025. 

52-week High Stocks – PTC India Financial Services, Electrosteel Castings, Shriram Properties, Lagnam Spintex, The Tinplate Company of India, Vaswani Industries, Khaitan Chemicals & Fertilizers and Kellton Tech Solutions made a fresh 52-week high today.  

These small-cap stocks will likely be in focus on Wednesday, January 19, 2022.