Overnight Digest: These small caps will be in focus on Tuesday
Dhunseri Investments, Tata Teleservices (Maharashtra), Sastasundar Ventures, 3i Infotech, Digjam Limited, Jindal Photo Limited and Pansari Developers made a fresh 52-week high today.
On Monday, frontline indices Nifty 50 and Sensex corrected by 1.82 per cent each to close at 17,441 and 58,543.79 respectively. Nifty IT index fell by 474.60 points i.e. 1.32 per cent. BSE Smallcap index underperformed broader markets, descending 2.83 per cent.
The following small-cap stocks are likely to be in focus on Tuesday:
OnMobile Global – The company has recently announced that it has launched their new B2B mobile quiz gaming product, ‘Challenges Arena’, under the brand name O-Cade with Ooredoo Myanmar. This is one of 6 partnerships that have gone live for Challenges Arena. O-Cade is a unique platform for Ooredoo Myanmar to enhance their engagement initiatives towards subscribers. It offers gamers an immersive experience to play and compete in various Battles and Open Tournaments and get a chance to win real-time and periodic rewards. Currently integrated with the My Ooredoo mobile application, O-Cade is available in the form of PWA and can be found in 2 languages- English and Burmese.
RattanIndia Enterprises – Revolt, the EV maker backed by the company has announced the opening of its dealership in Vizag. This is their first store in the Andhra Pradesh region and the 15th retail store across India. The company has plans to expand its sales network and strengthen its retail presence further by entering 60 new cities in India including Kolkata, Chandigarh, Lucknow and NCR by early 2022. Last month, Revolt Motors opened retail stores in Bengaluru, Jaipur and Surat and announced the bookings for RV400 across 70 cities.
Buoyed by the surge in demand for Revolts bikes, the new stores will focus on India-centric, flexible as well as cost-effective innovations that will drive the growth of electric mobility, in line with making India self-reliant.
52-week High Stocks – Dhunseri Investments, Tata Teleservices (Maharashtra), Sastasundar Ventures, 3i Infotech, Digjam Limited, Jindal Photo Limited and Pansari Developers made a fresh 52-week high today. These small-cap stocks will likely be in focus on Tuesday, November 23, 2021.