Overnight Digest: These Small caps will be in focus on Wednesday
The broader markets saw a swift rebound on Tuesday after underperforming the frontline indices since the beginning of the previous week. BSE Sensex jumped higher by more than 403 points or 0.73 per cent while BSE SmallCap Index soared by 1.69 per cent.
Several small cap stocks were seen outperforming on Tuesday.
Following small cap stocks will be in focus on Wednesday:
1. Price Volume Breakout: Hindustan Organic Chemical Limited, Jindal Stainless Steel, Caprihans India, Archit Organosys , Kabra Extrusions and GATI are some of the small cap stocks that gained with a spike in volume. These stocks will be in focus on Wednesday.
2. 52-Week High Stocks: Mishtan Foods, Blue Pearl Texspin, Narendra Properties, Deep Polymers, Sanco Trans and Almondz Global Securities are some of the small cap stocks that made a fresh 52-week high for themselves. These stocks will be in focus on Wednesday.
3. Upper Circuit Stocks: TD Power Systems, Themis Medicare,Lancer, Birla Money, RS Software, Vascon Engineering and Nureca are some of the small cap stocks that were locked in the upper circuit. These stocks will be in focus on Wednesday.
4. Linde India: The share price of Linde India gained by more than 13 per cent on Tuesday even as the stock has gained by more than 30 per cent in one month alone. The stock is trading positive ever since the Delhi Government has announced the Medical Oxygen Production Promotion Policy 2021. Linde India may trade volatile as the stocks enters into an overbought zone. Linde India will be in focus on Wednesday.