Stocks to watch: These smallcap stocks will be in focus tomorrow!

Selan Exploration Technology, Ruchira Papers, Krishana Phoschem, Southern Petrochemicals Industries Corporation, Delta Corp, Jindal Drilling and Industries, Jagsonpal Pharmaceuticals, Shree Pushkar Chemicals & Fertilisers, Polyplex Corporation and Automotive Axles made a fresh 52-week high today. 

On Monday, Indian equity markets kicked off the week on a weak note. Benchmark equity indices Nifty 50 and Sensex ended the session in the red territory at 17,117 and 57,292.49 respectively, with losses of ~1 per cent each.

BSE Smallcap index outperformed broader markets by closing in the green territory at 27,811.06, up by 0.38 per cent. Top gainers of the index include Valiant Organics, Dodla Dairy, Kamdhenu, Wockhardt, R Systems International and Jubilant Pharmova. Top losers comprise of Future Retail, Cigniti Technologies, Future Lifestyle Fashions, Ashiana Housing, Ramkrishna Forgings, Sunteck Realty and Rajratan Global Wire.

The following smallcap stocks are likely to be in focus on Tuesday, March 22, 2022:  

Alembic Pharmaceuticals – The company has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Lacosamide Tablets. They have an estimated market size of USD 1.67 billion for twelve months ending December 2021 according to IQVIA. 

KEC International – The company has secured new orders of Rs. 1,005 crore across its various businesses namely transmission & distribution (T&D), railways, civil and cable.   

Themis Medicare – The company has announced the approval of its antiviral drug VIRALEX® by the Drug Controller General of India (DCGI). As per the results of double-blind randomized controlled trials (RCT), the drug helps in early relief of the clinical symptoms in mild to moderate COVID-19 patients.

Ratnamani Metals & Tubes – The company has received a new domestic line pipe order for Rs 591 crore from the oil & gas sector, to be executed between August 2022 to March 2023.  

52-week High Stocks – Selan Exploration Technology, Ruchira Papers, Krishana Phoschem, Southern Petrochemicals Industries Corporation, Delta Corp, Jindal Drilling and Industries, Jagsonpal Pharmaceuticals, Shree Pushkar Chemicals & Fertilisers, Polyplex Corporation and Automotive Axles made a fresh 52-week high today.  

These smallcap stocks will likely be in focus on Tuesday, March 22, 2022.