Stocks to watch: These small-cap stocks will be in focus on Wednesday!

Among the BSE Smallcap gainers were Radhe Developers, Vinyl Chemicals, Shilpa Medicare and Reliance Power

On Tuesday, the Sensex gained by 311.21 points to close at 60,157.72, while the Nifty 50 surged by 98.25 points to close at 17,722.30. Among the BSE Smallcap gainers were Radhe Developers, Vinyl Chemicals, Shilpa Medicare and Reliance Power.   

The following Small-Cap stocks are likely to be in focus on Wednesday, April 12, 2023:    

Shilpa Medicare: The company informed the exchange that it has received U.S Food and Drug Administration final approval for its ANDA, Apremilast Tablets, 10 mg, 20 mg and 30 mg for the treatment of adult patients with active psoriatic arthritis. The product is executed from a contract manufacturing site.  

KP Energy: The company informed the exchange that it has successfully commissioned 52.SMW (Phase-I) ISTS connected wind power project comprising 25 numbers of WTGs of 2.1MW each at Sidhpur Site in Devbhoomi Dwarka. This is an essential step towards the successful implementation of the project.  

Neogen Chemicals: The company informed the exchange that it has signed an agreement with MU Ionic Solutions Corporation, Japan. Neogen will obtain the license from MUIS for proprietary and confidential manufacturing technology for making Neogen’s electrolyte solutions at its manufacturing facility in India with a planned max installed capacity of upto 30,000 MT per annum. These electrolytes will be targeted by Neogen to meet the growing demand of lithium-ion cell manufacturers in India.  

52-week high: Atul Auto, Cyient, Goyal Aluminium, Linde India, ITC.   

Keep an eye out for the above-listed small-cap stocks on April 12, 2023.