Stocks to watch: These small-cap stocks will be in focus on Monday!
The domestic equity benchmarks ended with modest gains after a volatile session on Friday.
The domestic equity benchmarks ended with modest gains after a volatile session on Friday. 1,911 shares declined and 1,531 climbed on the BSE. 125 shares remained unchanged overall. The Nifty Auto index increased 1.63 per cent to close at 13,190.90. In four sessions, the index has risen 3.90 per cent.
The following Small-Cap stocks are likely to be in focus on Monday, October 31, 2022:
Gokaldas Exports: The company has announced its second Quarterly Results today. The PAT stood at Rs 49 crores as compared to Rs 28.6 crores. The net profit was recorded at Rs 39.8 crores as compared to 46 crores in the same quarter last year, which was 29 crores. The shares of Gokaldas Exports soared by 5 per cent and closed at Rs 378 per share.
Infibeam Avenues: As India’s first listed platform and payments infrastructure company, Infibeam Avenues, has received “in-principle” approval from RBI to operate as a Payment Aggregator. Under this provision, the fintech major will get a substantial boost to further expand its reach in multiple business segments for both online and recently launched offline digital transactions. The positive nod from RBI will reiterate Infibeam’s flagship brand CC Avenue’s position as one of India’s most experienced and secured digital payment gateways.
Jindal Worldwide: The company saw a spurt in trading volumes in today’s trading session. As a result of this, the shares of Jindal Worldwide were locked in the upper circuit after zooming by 20 per cent and reached a price of Rs 308.90 per share.
Tourism Finance Corporation of India: The company witnessed a surge in the trading volume by 28.01 per cent. On the back of this news, the shares of Tourism Finance Corporation of India jumped by nearly 14 per cent and closed at a price of Rs 81 per share. The stock of Tourism Finance Corporation of India also made a new 52-week high today of 81.90 per share.
52-week high stocks: Apar Industries, Bengal & Assam Company, CMS Info Systems, Craftsman Automation, D-Link (India), and Gujarat Themis Biosyn.
Keep an eye out for the above-listed small-cap stocks on October 31, 2022.