Stocks to watch: These small-cap stocks will be in focus on Tuesday!
On Monday, the major market indices finished sharply lower, extending losses for the third trading day.
On Monday, the major market indices finished sharply lower, extending losses for the third trading day. The mood of investors was dampened by negative global sentiment. Stocks of PSU banks, media and consumer durable goods were in high demand. However, there was some selling pressure in the shares of IT, real estate and metals.
The following Small-Cap stocks are likely to be in focus on Tuesday, November 22, 2022:
Kabra Extrusiontechnik: Battrixx is a division of Kabra Extrusiontechnik. It has entered in a partnership for developing “Made in India” Lithium-ion batteries with Hero Electric, the largest E2W company in India. As a result, 10x spurt in the trading volume was seen. The shares of Kabra rocketed by nearly 20 per cent locking in the upper circuit to end the day at Rs 496 per share. In one month period it has jumped more than 41 per cent.
Ahluwalia Contracts (India): The company Ahluwalia Contracts has secured order for Construction of Lachit Moidam Memorial & Cultural Complex in, Assam from Government of Assam, worth of Rs. 120.23 crores Approx. The order in flow during the FY 2022-23 stands at Rs.3,765 crores, till date. The shares of Ahuluwalia contracts rose by 2.5 per cent to close at Rs 433.55 per share.
Allied Digital Services: Allied Digital Services is a global IT services and solutions provider. It has been awarded the Smart City contract for the Punjab Municipal Infrastructure Development Company (PMIDC) in consortium with KEC International covering 3 cities i.e., Amritsar, Jalandhar and Sultanpur Lodhi. The total Contract Value awarded to the consortium is 207.21 crores.
Insolation Energy: The company informed that it has received a Letter of Award (LOA) for empanelment of Vendor for Design, Supply, Erection, Testing and Commissioning including warranty, comprehensive operation & maintenance of grid-connected Rooftop Solar Plant of MNRE in Rajasthan of Rs 1.51 crores. The Insolation energy shares surged by more than 5 per cent on the back of this news and closed at Rs 122.50 per share today.
52-week high stocks: Ganesha Ecosphere, Alicon Castalloy, Bannari Amman Sugars, Escorts Kubota and Great Eastern Shipping Company.
Keep an eye out for the above-listed small-cap stocks on November 22, 2022.