Stocks to watch: These small-cap stocks will be in focus on August 10!

Ice Make Refrigeration, Autoline Industries, Speciality Restaurants, CSL Finance, CSL Finance, Royal Orchid Hotels, West Coast Paper Mills, Vedant Fashions, Lemon Tree Hotels, Fineotex Chemical and Hilton Metal Forging made a fresh 52-week high today

On Monday, Indian equity markets kicked off the week on a positive note. Nifty 50 and Sensex recorded gains of 0.76 per cent and 0.84 per cent to close the session at 17,531.3 and 58,875.8 respectively.

BSE Smallcap index relatively underperformed broader markets by recording gains of only 0.28 per cent to end at 27,682.89. Top Gainers of the index include Rushil Decor, HFCL, Repro India, Aegis Logistics, Apex Frozen Foods and NACL Industries. Top Losers comprise Tarson Products, Honda India Power Products, Zensar Technologies and Subex. 

The following Small-Cap stocks are likely to be in focus on Wednesday, August 10, 2022:       

HFCL - The company has entered into an agreement with Qualcomm Technologies, Inc for its design and development of 5G millimetre wave (mmWave) FWA (Fixed Wireless Access) CPE (Customer Premise Equipment) products. In continuation with its 5G product strategy, HFCL is expanding its 5G product portfolio by launching product development of 5G mmWave FWA CPE products for India and global markets.

Jindal Stainless - The company is taking deliberate initiatives to achieve its broad Environmental, Social and Governance (ESG) goals. The company has initiated Project Samanvay to assess its preparedness as per select ESG indices. It has appointed Ernst & Young (EY) LLP as its partner to develop a strategic roadmap for the project. Additionally, the company has also proposed to forecast its GHG emissions and establish emission reduction targets in line with Science Based Target initiative (SBTi).

Avro India - The company reported a turnaround performance in Q1FY23. Total income for the quarter stood at Rs 220.31 crore, demonstrating a 67.3 per cent YoY growth. Net profit came in at Rs 1.04 crore. EBITDA margin for Q1FY23 jumped to 10.68 per cent from under 1 per cent in the corresponding period. During the quarter, the company expanded its presence in PAN India through offline mode while our online sales are doing extremely well.

52-week high stocks – Ice Make Refrigeration, Autoline Industries, Speciality Restaurants, CSL Finance, CSL Finance, Royal Orchid Hotels, West Coast Paper Mills, Vedant Fashions, Lemon Tree Hotels, Fineotex Chemical and Hilton Metal Forging made a fresh 52-week high today.  

Keep an eye out for the above-listed small-cap stocks on August 10, 2022.