Stocks to watch: These small-cap stocks will be in focus on Tuesday!
Nifty 50 followed the same path and added 21 points, ending the day at 17,576 level.
After a volatile session, Sensex ended in the green, up by 104 points at 59,307. Nifty 50 followed the same path and added 21 points, ending the day at 17,576 level. In line with this, Bank Nifty jumped 684 points to close the day at 40,784 level.
The following Small-Cap stocks are likely to be in focus on Tuesday, October 25, 2022:
Rane (Madras) Ltd: The company is one of the leading manufacturers of steering & suspension products, and light metal casting components. Today, it announced its quarterly & six months’ financial performance i.e. Q2FY23 and H1FY23, respectively. The company’s revenue climbed Rs 600.6 crore as compared to Rs 459.2 crore, a surge of 30.7 per cent. While its EBITDA stood at Rs 33.8 crore compared to Rs 21.6 crore, an increase of 56.4 per cent.
SBC Exports: The company informed that it has received an export order for the supply of various garment articles including t-shirts, trousers, shorts, etc. for a value of Rs 36.06 crore from Gawgee Brothers Wholesalers Co. LLC, a Dubai-based textile company.
Ramkrishna Forgings: Ramkrishna Forgings Ltd, which is one of the leading suppliers of rolled, forged & machined products, informed that a reputed Swedish OEM major has awarded a long-term supply contract worth Rs 121.5 crore for two components for an electric vehicle (EV) for supplies till 2030.
Gravita India: The step-down subsidiary of Gravita India situated in Ghana (West Africa) has started commercial production of recycled polypropylene granules from its new recycling plant, having an annual capacity of around 1,200 MTPA in phase 1. Further, the company has plans to increase this capacity to 2,700 MTPA in the next phase.
52-week high stocks: Deepak Fertilisers & Petrochemicals Corporation, RHI Magnesita India, Shoppers Stop, Venus Pipes & Tubes, and Triveni Turbine.
Keep an eye out for the above-listed small-cap stocks on October 25, 2022.