Stocks to watch: These small-cap stocks will be in focus on Monday!
Among the BSE Smallcap gainers were Ashapura Minechem, Kalyan Jewellers India, Anand Rathi Wealth, Satia Industries and PTC Industries
On Friday, the Sensex dipped by 365 points to close at 65,322.65, while Nifty 50 dipped by 114.80 points to close at 19,42830. Among the BSE Smallcap gainers were Ashapura Minechem, Kalyan Jewellers India, Anand Rathi Wealth, Satia Industries and PTC Industries.
Within the Nifty 50 index, HCL Technologies, Titan, and Power Grid Corporation Of India showcased robust advances, whereas NTPC, IndusInd Bank, and Divi’s Laboratories experienced declines in their stock values
The following Small-Cap stocks are likely to be in focus on Monday, August 14, 2023:
RMC Switchgears: The company has officially communicated its 5-year Memorandum of Understanding (MoU) with Radius Synergies International Private Limited to the exchange. RMC Switchgears is primarily engaged in the business of switchgear engineering, ECI contracts for power distribution/ transmission sector and PVC marble and solid surface.
Divgi Torqtransfer Systems: Divgi Torqtransfer Systems Ltd has reported to the exchanges the acquisition of fresh orders valued at Rs 539 crore from the Mahindra Group of Companies. Divgi Torqtransfer system is one of the leading players supplying transfer case systems to automotive OEMs and the largest supplier of transfer case systems to passenger vehicle manufacturers in India.
Servotech Power Systems: The company has partnered with the Government of Uttar Pradesh to establish an EV Charger manufacturing plant with backward integration under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022. A phased investment of around 300 crores will be made, generating over 500 jobs. Servotech Power Systems, incorporated in 1998, is engaged in manufacturing LED lighting solutions, UPS (uninterruptible power supply) systems, inverters, and batteries.
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52-week high: AIA Engineering, Apar Industries, Anand Rathi Wealth Ltd, Cupid and Remus Pharmaceuticals.
Keep an eye out for the above-listed small-cap stocks on August 14, 2023.
Disclaimer: The article is for informational purposes only and not investment advice.