Stocks to watch: These small-cap stocks will be in focus tomorrow!
West Coast Paper Mills, Metro Brands, Ram Ratna Wires, Andhra Papers, Apar Industries, Cheviot, Vedant Fashions, Rajratan Global Wire, Choice International, The Great Eastern Shipping, Pricol and Varun Beverages made a fresh 52-week high today
On Monday, Indian equity markets kicked off the week on a strong note. Nifty 50 and Sensex recorded gains of 1.06 per cent and 0.95 per cent, respectively. BSE Smallcap index soared 1.47 per cent to close the session at 27,455.38.
Top Gainers of the index include Nazara Technologies, Renaissance Global, Jaiprakash Associates, N R Agarwal Industries and V-Mart Retail. Top Losers comprise Techno Electric & Engineering, Kuantum Papers, Team Lease Services, Jayant Agro Organics and Bhageria Industries.
The following Small-Cap stocks are likely to be in focus on Tuesday, August 2, 2022:
Eveready Industries - The company reported healthy growth in topline performance for Q1FY23 which was backed by volume gains, despite a market slow down due to inflationary conditions. PAT for the quarter stood at Rs 21.9 crore, while PAT margin came in at 6.5 per cent. The company is focused on driving manufacturing efficiencies with prudent cost management across various verticals to further improve profitability.
Barbeque Nation Hospitality - The company reported Rs 315 crore of revenues in the June quarter which is the highest ever quarterly revenue in the company's history. The revenues grew 209 per cent over the previous year's Q1 and 25.4 per cent over the immediately preceding quarter. The growth was led by both increase in the number of covers and an increase in average realization per cover.
RateGain Travel Technologies - The company announced its financial results for Q1FY23 ending on June 30, 2022. Adjusted PAT stood at Rs 14.9 crore in Q1FY23 compared to Rs 4 crore in Q1FY22, a growth of 267 per cent. Adjusted PAT margin stood at 12.5 per cent for Q1 FY23. The company continues to deliver profitability along with strong growth driven by demand for its digital solutions across the hospitality and travel industry.
52-week high stocks – West Coast Paper Mills, Metro Brands, Ram Ratna Wires, Andhra Papers, Apar Industries, Cheviot, Vedant Fashions, Rajratan Global Wire, Choice International, The Great Eastern Shipping, Pricol and Varun Beverages made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on August 2, 2022.