Stocks to watch: These small-cap stocks will be in focus on Monday!
Sree Rayalaseema Hi-Strength Hypo, Butterfly Gandhimathi Appliances, Foseco India, Omaxe, Ethos, International Constructions, Som Distilleries & Breweries, Automotive Axles, and Rajratan Global Wire made a fresh 52-week high today
On Friday, Indian equity markets further extended its winning streak to end in the green territory. Nifty 50 and Sensex recorded gains of ~0.70 per cent each to close the session at 16,719.4 and 56,072. respectively.
BSE Smallcap index relatively underperformed broader markets by climbing only 0.21 per cent to end at 26,773.41. Top Gainers of the index include Urja Global, Lasa Supergenerics, GSFC, Anjani Cement, Purvnakar and NCL Industries and Navkar Corporation. Top Losers comprise Techno Electric & Engineering, Hitachi Energy India, Renaissance Global, Future Retail and PC Jeweller.
The following Small-Cap stocks are likely to be in focus on Monday, July 25, 2022:
Olectra Greentech - The company has received a letter of award from one of the state transport corporations for 300 electric buses under FAME-II Scheme of Government of India. This order for the supply of 300 electric buses is on a gross cost contract (GCC)/OPEX model basis for a period of 12 years. The value of the order is Rs 500 crore.
Coforge - The company has reported strong operating & financial performance for Q1FY23, marked by robust growth, healthy profitability, record order intake, and sustained hiring. The order intake stood at USD 315 million. The total order book executable over the next 12 months stands at USD 745 million. Around 12 new clients were added during the quarter.
NIIT - NIIT Institute of Finance, Banking & Insurance (NIIT IFBI), a subsidiary of NIIT and Bajaj Finserv, today announced a partnership to create a large-scale, job-ready pool of talent for the BFSI industry.
52-week high stocks – Sree Rayalaseema Hi-Strength Hypo, Butterfly Gandhimathi Appliances, Foseco India, Omaxe, Ethos, International Constructions, Som Distilleries & Breweries, Automotive Axles, and Rajratan Global Wire made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on July 25, 2022.