Overnight Digest: These small caps will be in focus tomorrow
Panic selling in global markets affected the domestic benchmark indices as investors remained cautious over geo-political tension and rising crude oil prices.
On Monday, the equity markets experienced panic and broader indices were down more than 3 per cent. The sell-off can be mainly attributed to Russia-Ukraine tensions. Almost all major indices across the globe were in red.
The BSE Small cap index plunged 4.15 per cent on Monday. Excel Industries, Kriti Industries, Mirza International, Uflex and Sandur Manganese and Ores were the outperforming stocks within the index.
The following small-cap stocks are likely to be in focus on Tuesday, February 15, 2022:
RattanIndia Enterprises – The company has announced the launch of its all-digital, financial aggregator platform, BankSe on the popular Android mobile platform and through the web portal www.bankse.in. At launch, it is partnering with large commercial banks and NBFCs in India to present maiden offerings in the personal loans, two-wheeler loans and credit card segments, with several more categories to be added subsequently. As an additional feature, any customer using BankSe will be able to get a personalized credit score, entirely free of cost.
Asian Energy Services – The company along with its JV partner has secured a materials handling project worth Rs 128 crore including GST from Coal India subsidiary Eastern Coalfields Ltd for building and operating a coal handling plant for Hura C OCP. The scope includes comprehensive planning, design, installation and commissioning of coal handling plant (3 Mtpa) followed by operation and maintenance for five years.
KPI Global Infrastructure – The company has informed the exchange that it has received an order for executing a solar power project of 16 MWdc capacity from M/s Aether Industries Limited, Surat under the captive power producer (CPP) segment of the company.
52-week High Stocks – Mahalaxmi Rubtech, SEL Manufacturing Company, Sejal Glass, Focus Lighting and Fixtures, Mukand Engineers, Crest Ventures, Shree Ram Proteins, and D B Realty made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Tuesday, February 15, 2022.