Stocks to watch: These small-cap stocks will be in focus tomorrow!
Nagreeka Exports, Dharamsi Morarji Chemical Company, Jash Engineering, Siyaram Silk Mills, Garden Reach Shipbuilders & Engineers, Hardwyn India, Kitex Garments, Gufic BioSciences, and Mazagon Dock Shipbuilders made a fresh 52-week high today.
On Tuesday, the domestic equity markets continued their losing streak for the second straight day in a row. Nifty 50 and Sensex closed in the red territory at 17,530.30 and 58,576.37, down by 0.82 per cent & 0.66 per cent, respectively.
BSE Smallcap index underperformed the broader markets, recording losses of 1.47 per cent, closing at 29,441.67. Top Gainers of the index include Just Dial, Dharamsi Morarji Chemical Company, Garden Reach Shipbuilders & Engineers, and Aurum Proptech. Meanwhile, the Top Losers comprise Birlasoft, Ajmera Realty, Fino Payments Bank, and Gujarat State Fertilizers & Chemicals Limited.
The following small-cap stocks are likely to be in focus on Wednesday, April 13, 2022:
Sunteck Realty – The company has furnished key operational updates for Q4FY22 and full year of FY22. The pre‐sales came in at approximately Rs 503 crore in Q4FY22, up by 43 per cent & 36 per cent on QoQ and YoY basis, respectively. Also, pre‐sales stood at approximately Rs 1,303 crore in FY22, up by 27 per cent YoY, one of its best annual sales. Additionally, the company’s collections efficiency for FY22 stood at 81 per cent, up from 76 per cent in FY21.
Zen Technologies – The company has announced that it was appraised by Capability Maturity Model Integration for Development (CMMI-DEV) - Maturity Level 5 ratings of its R&D centre – Development Projects Unit. This rating is difficult to achieve but validates the company’s ability to deliver efficient & effective solutions for its customers.
Gufic BioSciences - The company has received permission from Central Licensing Approving Authority, Central Drugs Standard Control Organisation (CDSCO), Ministry of Health & Family Welfare for the manufacture, sale & distribution of Isavuconazonium Sulfate API, and finished formulation of Isavuconazole for injection 200 mg/vial.
52-week high stocks – Nagreeka Exports, Dharamsi Morarji Chemical Company, Jash Engineering, Siyaram Silk Mills, Garden Reach Shipbuilders & Engineers, Hardwyn India, Kitex Garments, Gufic BioSciences, and Mazagon Dock Shipbuilders made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on April 13, 2022.