Stocks to watch: These small-cap stocks will be in focus tomorrow!
Mold-Tek Technologies, Agro Phos India, Meghmani Finechem, Monarch Networth Capital, Gujarat Alkalies & Chemicals, Navkar Corporation, Motherson Sumi Wiring, NLC India, Deep Energy Resources, Hardwyn India, ICE Make Refrigeration, and Veranda Learning Solutions made a fresh 52-week high today
On Tuesday, domestic equity markets staged a decent recovery after closing in the negative territory yesterday. Frontline indices Nifty 50 and Sensex climbed ~1.40 per cent each, closing at 17,200.80 and 57,356.61 respectively.
BSE Smallcap index underperformed broader equity markets, recording gains of 0.76 per cent and closing at 28,918.83. Top Gainers of the index include Gallant Metal, Khadim India, Meghmani Finechem, Ramky Infrastructure, Sreeleather and Vascon Engineers. Top Losers comprise Future Lifestyle Fashions, Zee Learn, Techno Electric & Engineering and Tatva Chintan Pharma Chem.
The following small-cap stocks are likely to be in focus on Wednesday, April 27, 2022:
Premier Explosives – The company has received an order from Ministry of Defence, Government of Republic of India for the procurement of 50 MM MTV flares to be delivered within 12 months from the effective date of the contract. The size of the order stands at Rs 57.90 crore (including GST).
Meghmani Finechem – The company has delivered a strong operating and financial performance in line with its commitment to growth for Q4FY22. On a YoY basis, revenue shot up by 93 per cent to Rs 499 crore on account of higher realisations for all the products. PAT for Q4FY22 doubled to Rs 99 crore from Rs 33 crore in Q4FY21. PAT margin was up by 712 basis points to 20 per cent.
Ruby Mills – The company has repaid its entire term loan along with all unsecured loans, aggregating to Rs 145 crore.
52-week high stocks – Mold-Tek Technologies, Agro Phos India, Meghmani Finechem, Monarch Networth Capital, Gujarat Alkalies & Chemicals, Navkar Corporation, Motherson Sumi Wiring, NLC India, Deep Energy Resources, Hardwyn India, ICE Make Refrigeration, and Veranda Learning Solutions made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on April 27, 2022.