Overnight Digest: These small caps will be in focus on Friday

SMS Lifesciences India, KDDL Limited, Gokul Agro Resources and Asahi India Glass made a fresh 52-week high today.

On Thursday, headline indices Sensex and Nifty corrected by more than 1.80 per cent each to end at 59,984.70 and 17,857.25 respectively. BSE Small-cap index sunk by 444.48 points to end at 28,089.97.  

The following small-cap and mid-cap stocks are likely to be in focus on Friday:   

KEC International – The company has announced that it has secured new orders of Rs 1,082 crore in the transmission and distribution (T&D) business as follows - 400 kV Transmission line order in SAARC, from Power Grid Company of Bangladesh (PGCB) and 400 kV Transmission line order in India, from a leading private developer under Tariff Based Competitive Bidding (TBCB) route. 

The order in SAARC is one of the company’s largest transmission and distribution (T&D) orders and significantly enhances their international T&D order book. The company is also enthused by the TBCB order from a private developer, which further strengthens its presence in the domestic T&D market. 

To quote Vimal Kejriwal, MD and CEO of KEC International from a filing with the exchange, "Our YTD (year to date) order inflows now stand at Rs 8,500 crore, which is a staggering growth of 100 per cent vis-à-vis last year. With this, our share of international orders in the total order book increases to 41 per cent. These orders along with the orders announced earlier, reaffirm our confidence in achieving the targeted growth going forward." 

Easy Trip Planners – The Board of Directors of the company have considered and approved EaseMyTrip entering into a non-binding agreement offer with Traviate Online Private Limited for the acquisition of the business. This will be the first-ever acquisition by the company that will add a new revenue stream as well as fast track its expansion in the B2B hotel and holiday space. The consummation of the proposed transaction is expected in three months, subject to finalization of definitive agreements, customary closing conditions and other necessary approvals, as may be required.  

52-week High Stocks – SMS Lifesciences India, KDDL Limited, Gokul Agro Resources and Asahi India Glass made a fresh 52-week high today. These small-cap stocks will likely be in focus on Friday, October 29, 2021.