Overnight Digest: These small caps will be in focus on Monday
The BSE SmallCap Index and BSE Midcap Index were seen underperforming BSE Sensex on Friday, marginally. The metal stocks rallied along with real estate stocks and PSU stocks.
Following small cap stocks will be in focus on Monday:
RPG Life Sciences: The share price of RPG Life Science jumped higher by more than 12 per cent on Friday. The traded at life highs after making a multi-year breakout with a spurt of volume of over 5 times on BSE. RPG Life Sciences will be in focus on Monday.
Yasho Industries: The share price of Yasho Industries jumped by ~4 per cent on Friday with spike in volume. After trending down in previous 4 trading sessions the Yasho industries displayed some bullishness on Friday. The stocks managed to close above the 9D SMA which indicates near term bullishness. Yasho Industries will be in focus on Monday.
Upper Circuit Stocks: Trident and Intense Technology are the two small cap stocks that were locked in the upper circuit on Friday. Intense Technologies has fallen more than 33 per cent from 52-week highs made in the last week of July. The stock is seen consolidating in a range since the last week of July. Intense Technologies is attempting to break out of its consolidation range. Trident on the other hand is in clear uptrend with the shares trading at life highs taking advantage of the positive momentum in the Textile sector stocks.
AYM Syntex : The shares of AYM Syntex gained by ~10 per cent. The stock made a fresh 52 week high on Friday, indicating the bullish momentum. The stock has been in news lately owing to the promoter increasing stakes in the company. AYM Syntex will be in focus on Monday.
52-week high stocks: Seamec Ltd, Kolte Patil Developers, Priti International, Tinplate India, Stove Kraft and CG power made fresh 52-week highs on Friday. These stocks will be in focus on Monday.