Stocks to watch: These small-cap stocks will be in focus on Monday!
Ganesh Benzoplast, Mangalore Chemicals & Fertilizers, Arman Financial Services, Crest Ventures, Polyplex Corporation, Choice International, Vaishali Pharma, Cosmo Films, and Deep Industries made a fresh 52-week high today
On Friday, the domestic equity markets witnessed a stellar recovery from lower levels in the second half of the trading session. The headline benchmark indices Nifty 50 and Sensex closed in the green territory at 17,784.30 and 59,447.18 levels, up by 0.82 per cent & 0.70 per cent, respectively.
BSE Smallcap index relatively outperformed the broader markets, registering gains of 0.99 per cent, closing at 29,765.79. The Top Gainers of the index include Jaiprakash Associates, Ganesh Benzoplast, Bharat Dynamics, and Arman Financial Services. The top losers comprise Techno Electric & Engineering, Escorts, Everest Industries, and Brightcom Group.
The following small-cap stocks are likely to be in focus on Monday, April 11, 2022:
Rail Vikas Nigam – The company informed the exchange that an MoU (memorandum of understanding) has recently been signed between the company and IFC for the manufacturing & acquisition of 296 numbers of communications-based train control system compliant metro coaches for the Kolkata Metro Railway project under execution by RVNL.
Bodal Chemicals – The company intimated to shareholders that the buying of the remaining 20 per cent of the equity stake and the process of converting SENER into a wholly-owned subsidiary of the company has been successfully completed. SENER SOYA KIMYA TEKSTIL ANONIM SIRKETI-Turkey is now a 100 per cent owned subsidiary of Bodal Chemicals.
Hester Biosciences – The company announced that the board of directors in their recent meeting has approved the execution of a grant-in-aid letter agreement for a grant of Rs 60 crore, in a phased manner to the company by Biotechnology Industry Research Assistance Council (BIRAC), a Government of India enterprise to support COVID vaccine manufacturing under Mission COVID Suraksha.
Thomas Cook – The rating agency CRISIL has reaffirmed its ratings assigned to the bank facilities, debt programmes, and corporate credit rating of the company. The ratings also factor in Thomas Cook India Group’s dominant position in the foreign exchange business and strong brand equity in travel-related services.
52-week high stocks – Ganesh Benzoplast, Mangalore Chemicals & Fertilizers, Arman Financial Services, Crest Ventures, Polyplex Corporation, Choice International, Vaishali Pharma, Cosmo Films, and Deep Industries made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on April 11, 2022.