Stocks to watch: These small-cap stocks will be in focus on Monday!
Agro Phos India, Chennai Petroleum Corporation, Veranda Learning Solutions, Varroc Engineering, Shanthi Gears, HBL Power Systems, Apcotex Industries, Mangalore Refinery & Petrochemicals, Megastar Foods, Reliance Industrial Infrastructure, Premier Explosives, Hardwyn India, Gokul Agro Resources, and Angel One made a fresh 52-week high today
On Friday, Indian equity markets ended the last trading session of the week on a weak note. Nifty 50 and Sensex closed in the red territory at 17,102.50 and 57,060.87, down by ~0.83 per cent each.
BSE Smallcap index slipped 0.58 per cent to close the session at 28,611.92. Top Gainers of the index include Gokul Agro Resources, Varroc Engineering, Chennai Petroleum Corporation, HBL Power Systems and Aptech. Top Losers comprise Techno Electric & Engineering, TV18 Broadcast, Yaari Digital, Zee Learn and Camlin Fine Sciences.
The following small-cap stocks are likely to be in focus on Monday, May 2, 2022:
Premier Explosives – The company has signed a contract with an overseas entity for the supply of rocket motors (items Sh-522 intended for R-22 aviation guided missiles with Igniter V-287) for a total value of USD 13.13 million (i.e. Rs 100.4 crore). The ordered items are expected to be delivered within eighteen months.
Genus Power Infrastructures – The company has received a letter of award (LoA) for the appointment of an advanced metering infrastructure service provider (AMISP) including the design of an AMI system with supply, installation & commissioning of 10 lakh smart prepaid metres, DT metre level energy accounting and FMS of these 10 lakh smart metres. This is the single largest order finalised by any state utility in the country for AMISP. The order is worth Rs 828.57 crore (net of tax).
Ami Organics – The company’s board of directors has approved the Capex plan of Rs 190 crore to build a brownfield plant in Ankleshwar (Gujarat) to support the future business growth in the company’s advanced pharmaceutical intermediates segment. The Ankleshwar site has received the necessary environmental clearance while the new facility will have approximately 90 reactors, taking the total reactor capacity to 436 KL. The plant is expected to start commercial operations from Q4FY24. The Capex will be funded through a mix of general corporate funds of IPO proceeds, internal accruals, and debt.
52-week high stocks – Agro Phos India, Chennai Petroleum Corporation, Veranda Learning Solutions, Varroc Engineering, Shanthi Gears, HBL Power Systems, Apcotex Industries, Mangalore Refinery & Petrochemicals, Megastar Foods, Reliance Industrial Infrastructure, Premier Explosives, Hardwyn India, Gokul Agro Resources, and Angel One made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on May 2, 2022.