Overnight Digest: These small caps will be in focus on Friday
Dhruv Consultancy Services, R Systems International, Palred Technologies, Elecon Engineering Company, PG Electroplast and SBC Exports made a fresh 52-week high today.
On Thursday, markets ended in the green territory with frontline indices Nifty and Sensex climbing 0.70 per cent and 0.78 per cent to close the session at 17,536.30 and 58,795.09 respectively. Bank Nifty index fell by 0.21 per cent amid a volatile day on the bourses. BSE Smallcap index relatively outperformed broader markets, gaining 247.69 points i.e. 0.87 per cent.
The following small-cap and stocks are likely to be in focus on Friday:
Aurionpro Solutions – The company has recently announced a major win in smart transit space, by bagging an order from the Government of Uttar Pradesh. This will be amongst the largest in the world with approximately 50 crore commuters travelling annually. The company will be the system integrator for implementing an ‘IoT based Integrated Bus ticketing System’ for the Uttar Pradesh State Road Transport Corporation (UPSRTC) on a Build Own Operate and Transfer ('BOOT') model.
The project is expected to be worth more than Rs 60 crore, over five years, with the minimum guaranteed revenue. The tenure of the project includes implementation and go-live within 6 months from the signing of the contract followed by the operations and maintenance of up to seven years after they go live. The company’s cutting-edge technology and powerful ABT based platform makes it attractive and cost-effective to be treated as the preferred partner.
KNR Constructions – The company has recently informed the exchanges that the Competent Authority has accorded approval for on November 23, 2021, for the project of the four-laning of Bangalore-Mangalore section from Km 270+270 (Periya Shanthi) to Km 318+755 (Bantwal) including six-lane flyover at Kalladka town in Km 311- km 314 on NH 75 on EPC basis in Karnataka.
52-week High Stocks – Dhruv Consultancy Services, R Systems International, Palred Technologies, Elecon Engineering Company, PG Electroplast and SBC Exports made a fresh 52-week high today. These smallcap stocks will likely be in focus on Friday, November 26, 2021.