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

On the other hand, S&P BSE Smallcap index scaled up by 106 points and is trading at 29,345.00.

The domestic equity benchmarks traded with marginal losses in the mid-afternoon trade. The domestic sentiment was dented amid negative global cues.  S&P BSE Sensex closed at the level of 59,225.77 after plunging 231 points. Nifty 50 index also dropped mere 55 points, trading at 17,663.25 points.  

On the other hand, S&P BSE Smallcap index scaled up by 106 points and is trading at 29,345.00. The Top Gainers of the index include Neuland Laboratories, AGI Greenpac, Suzlon Energy, Themis Medicare, and KPIT Technologies.  

The following Small-Cap stocks are likely to be in focus on Friday, September 22, 2022:  

KPI Green Energy: In an announcement, the company informed that it has received a new order for executing a Wind-Solar Hybrid Power Project of 5.40 MW (comprising 5.40 MW Wind Turbine and 4 MWdc Solar) capacity from Greenlab Diamonds LLP (Surat) under captive power producer (CPP) business segment of the company. The shares of KPI Green rose almost 5 per cent to trade at Rs 434.85 per share.  

Venus Pipes & Tubes: Venus Pipes & Tubes Ltd, a leading manufacturer of stainless pipes & tubes, has approved a capacity expansion of Rs 50 crore for a bigger diameter tube mill to manufacture stainless steel welded pipes. Post completion of both these capacity expansion projects, the total welded capacity will increase by almost three times from the current 700 MT per month to 2,000 MT per month by FY24. Apart from this, the additional 500 MT per month (on the existing capacity of 300 MT per month) for seamless pipes/tubes is on track.  

Kirloskar Oil Engines: Kirloskar Oil Engines Ltd (KOEL) today announced that it will acquire a balanced stake in La-Gajjar Machineries. KOEL acquired a 76 per cent stake in LGM in the year 2017 with an agreement that the balance holding will be acquired by KOEL over a five-year period. By completing the acquisition as per previously-agreed timelines, LGM will become a 100 per cent subsidiary of KOEL.   

Choice International: The shares of this company climbed on the back of bonus issue news. The company announced a bonus issue of 1:1 i.e., for every one share held, has got a bonus share. Also, a surge in the trading volume was seen, which resulted in the stock reaching a new 52-week high.   

52-week high stocks: Ador Welding, Bengal & Assam Company, Campus Activewear, Pricol, and RHI Magnesita India.  

Keep an eye out for the above-listed small-cap stocks on September 23, 2022.