Overnight Digest: These small cap stocks will be in focus on Tuesday

The frontline indices closed at all-time highs with Nifty 50 index just 60 points away from the 17000 marks while BSE Sensex just 111 points shy from the 57000 markets. The highlight of the day was the performance of Nifty Bank index and Nifty Metals index. The PSU banks were seen trending on Monday while broader markets also joined the party. Nifty Midcap 100 index gained by 1.94 per cent. The IT stocks slipped as the INR was seen strengthening against the USD. INR traded at 2 months high on Monday. 

BSE SmallCap index soared by 1.55 per cent on Monday, outperforming BSE Sensex on Monday.

Following small caps will be in focus on Tuesday:

Indian Energy Exchange: Indian Energy Exchange gained by more than 12 per cent on Monday. The stock gave a price volume breakout on Monday. The share price of Indian Energy Exchange made a fresh 52 week high on Monday. Indian Energy Exchange will be in focus on Tuesday.

Thirumalai Chemicals: The share price of Thirumalai Chemicals jumped higher by more than 25 per cent in past five trading sessions alone. The stock gave a fresh 52-week breakout with rising volume on Monday. Thirumalai Chemical shares will be in focus on Tuesday.

Jubilant Ingrevia: The stock is trading in bullish zone and every technical indicator is pointing towards the strength in the stock. Jubilant Ingrevia share price increased by more than 13 per cent in the past five days while on Monday the stock was up by more than 6 per cent. As the stock is trading above the key short-term moving averages and has given a fresh 52-week high breakout with rising volumes, Jubilant Ingrevia will be in focus on Tuesday.

52-Week High: Stove Kraft, Punjab Chemicals, Pritika Auto Industries, Laxmi Organic Industries, Allied Digital, Datamaics Global, Balaji Amines and 8k Miles Software are some of the small caps that made fresh 52-week highs on Monday. These small caps will be in focus on Tuesday.

Upper Circuit: Brightcom Group, Exxaro Tiles, Xpro India, Globus Spirits, Bal Pharma, Nureca and Cineline India are some of the small caps that touched their respective upper circuits on Monday. These small caps will be in focus on Tuesday.

HBL Power Systems: The shares of HBL Power Systems displayed a gap up opening and managed to close near its high price of the day, thus reflecting the buying interest. HBL Power Systems was the top BSE SmallCap index gainer on Monday. The stock gained by more than 12 per cent on Monday with rising volumes.