Overnight Digest: These small caps will be in focus tomorrow

Ambica Agarbathies & Aroma Industries, Gujarat Ambuja Exports, PSP Projects, Sharda Cropchem, Khaitan Chemicals & Fertilizers, Signet Industries and Pearl Global Industries made a fresh 52-week high today.  

On Thursday, Indian equity markets closed in the red territory on account of weak global cues, mixed earnings of companies and absence of pre-budget euphoria. Benchmark indices Nifty 50 and Sensex fell by ~1 per cent, ending the session at 17,110.20 and 57,276.94. Likewise, BSE Small-cap index also slipped by 0.82 per cent, closing at 28,633.52.        

The following small-cap stocks are likely to be in focus on Friday, January 28, 2022:  

Aurionpro Solutions – The company has announced results for the quarter ended December 31, 2021. Revenue for Q3FY22 stood at Rs 129.51 crore, exhibiting a growth of 28.2 per cent on a YoY basis. Profit after tax for Q3FY22 stood at Rs 19.70 crore, growing significantly by 113 per cent YoY. During the quarter, a slew of new wins were announced, particularly in the smart mobility space.

The order book in hand is more than Rs 600 crore and with healthy additions to the pipeline, we expect to maintain trajectory during FY23. The outlook for coming quarters remains robust. It posted healthy growth on all parameters, maintaining the trajectory witnessed since the last few quarters.

Arvind – The company has declared its financial results for the third quarter of FY 2022. Revenues up 50 per cent at Rs 2276 crore; textiles revenue is up 57 per cent and AMD is up by more than 42 per cent. Q3 EBITDA at Rs 237 crore (up 46 per cent), PBT at Rs 142 crores and PAT at Rs 93 crore – all-time high numbers. Overall ROCE stood at 15.5 per cent. The company has successfully conducted a debt reduction of Rs 157 crore during the quarter as planned.  

52-week High Stocks – Ambica Agarbathies & Aroma Industries, Gujarat Ambuja Exports, PSP Projects, Sharda Cropchem, Khaitan Chemicals & Fertilizers, Signet Industries and Pearl Global Industries made a fresh 52-week high today.  

These small-cap stocks will likely be in focus on Friday, January 28, 2022.