Overnight Digest: These small caps will be in focus tomorrow

On Monday, Indian equity markets ended on a positive note with decent gains. Frontline indices Nifty 50 and Sensex climbed more than 1 per cent each, ending the session at 18,003.30 and 60,395.63 respectively. BSE Small-cap index followed a similar upward trajectory, gaining 356.75 points i.e. 1.19 per cent, closing at 30,388.89.  

The following small-cap stocks are likely to be in focus on Tuesday, January 11, 2022:  

JBM Auto – The company has announced the acquisition of a 51 per cent stake in JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited through its subsidiary JBM Electric Vehicles Private Limited. Post this stake acquisition, JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited have become the indirect subsidiary companies of JBM Auto Limited. 

JBM Green Energy is engaged in manufacturing complete lithium-ion battery packs for electric vehicles, thereby working towards setting new benchmarks of localization for the manufacturing of electric vehicles as outlined in various government policy initiatives. With the same objective of enhancing indigenization, JBM EV Industries manufactures key aggregates and auto systems for electric vehicles. 

Marshall Machines – The company has said in a filing with the exchange that it has made good progress on its business strategy to transform into a unique R&D and IP driven company. 

Research & development, product innovation and creation of Intellectual Property (IP) have become the cornerstones of the company’s Marshall’s business model in the past few years. Although time-intensive in nature, this strategy has helped them to differentiate from the conventional machine tool manufacturers. 

The company has said that it has registered a very valuable Patent in the US for ‘System and a Method to Enable Zero Defect Production.’ 

The company has been relying on its three-pronged product development philosophy - Marshall Technology Trishool. The Trishool aims at offering:   

• Super-optimized machines that offer better productivity 
• Affordable automation generating higher ROI’s and shorter payback periods 
• Accessible and implementable new-age Industry 4.0 Technologies 

52-week High Stocks – 20 Microns, Vascon Engineers, India Nippon Electricals¸Vaswani Industries, Kitex Garments¸Ashima, Precision Camshafts and Sunteck Realty made a fresh 52-week high today. 

These small-cap stocks will likely be in focus on Tuesday, January 11, 2022.