BSE Smallcap index climbed 0.52 per cent to close at 25,779.56.

Indices witnessed a fantastic short-covering rally in the last hour while Nifty closed 0.69 per cent higher. It closed above 16,000 mark while Sensex gained about 340 points.

Ashish Kacholia has raised his shareholding in Fineotex Chemical from 1.84 per cent to 1.93 per cent in Q1FY23. As per the company’s shareholding pattern for April to June 2022 quarter, the 'big whale' of the stock market holds 21,42,534 shares, or 1.93 per cent of the total paid-up capital of the chemical company. In January to March 2022 quarter, Ashish Kacholia was holding 20,42,534 shares or a 1.84 per cent stake in the company. So, the czar of small-cap stocks of the market raised his stake in the company by adding 0.09 per cent shares to the company.   

We expect reasonable operating leverage to play out for us with increasing volumes, asserts Utkarsh Patel, Executive Director, Jyoti Resins and Adhesives Ltd. 

CMI Limited is a micro-cap company engaged in the business of cable manufacturing. It includes a complete production cycle, right from the development, design, and manufacturing to the marketing & distribution of cables to larger companies.

The company recorded a staggering 62.92 per cent increase in its net profit. 

The shares are gaining more than 15.71 per cent.

The markets are off to a slow start, with Nifty 50 now up 49.2 points, or 0.31 per cent. Continue reading to learn about promising companies that are experiencing a price volume breakout.

The Indian markets opened on a positive note but dropped from the day’s high in the mid-morning session and thereafter, traded with mild gains.

At 11.15 am on Friday, the headline equity indices, i.e. Sensex and Nifty 50 were trading marginally higher, as Markets are giving mixed reactions to the rising inflation.