Overnight Digest: These small caps will be in focus tomorrow
IFB Agro Industries, The Andhra Sugars, Shiva Mills, Lagnam Spintex, Khandwala Securities, Coffee Day Enterprises, Control Print, Bal Pharma, Banswara Syntex, HSIL and Kabra Extrusion Technik made a fresh 52-week high today.
On Thursday, bears dominated dalal street as domestic equity markets fell for the third day straight in a row. Frontline indices Nifty 50 and Sensex slipped 1.01 per cent and 1.06 per cent to close at 17,757 and 59,464.62 respectively. BSE Small-cap index held its ground, closing the volatile session at 30,565.63 with marginal gains of 14.48 points i.e. 0.05 per cent.
The following small-cap stocks are likely to be in focus on Friday, January 21, 2022:
Strides Pharma Science – The company has recently announced its partnership with Medicines Patent Pool (MPP) to commercialize molnupiravir in the international markets. Strides and its subsidiary, Universal Corporation Limited (Kenya), have entered into a voluntary non‐exclusive sub‐license partnership with MPP covering 105 countries as part of MSD (a trading name of Merck & Co., Inc, Kenilworth, NJ, USA) and MPP’s partnership to enable a global reach for molnupiravir.
Strides and UCL will manufacture the product at their WHO PQ facilities in India and Nairobi, Kenya. In December 2021, the company received Emergency Use Authorization (EUA) from the DCGI to launch molnupiravir 200 mg in India (under the brand name StripiravirTM). Besides the 200 mg strength, the company has also developed and manufactured molnupiravir in 400 mg, which significantly benefits the patients by reducing the pill burden and ensuring better compliance.
Hi-Tech Pipes – The company has reported its financial results for the quarter ended December 31, 2021. Key consolidated financial and operational highlights for Q3FY22 are as follows:
- Revenue from operations was up 6 per cent to Rs 440 crore as compared to Rs 416 crore in Q3 FY21; led by better sales realisation.
- EBITDA was up 8 per cent to Rs 25.08 crore as compared to Rs 23.22 crore in Q3 FY21; led by higher volume of value-added products.
- EBITDA/ton at Rs 3,853 in Q3FY22 as compared to Rs 2,810 in Q3FY21; improved by 37 per cent YoY.
52-week High Stocks – IFB Agro Industries, The Andhra Sugars, Shiva Mills, Lagnam Spintex, Khandwala Securities, Coffee Day Enterprises, Control Print, Bal Pharma, Banswara Syntex, HSIL and Kabra Extrusion Technik made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Friday, January 21, 2022.