Stocks to watch: These small-cap stocks will be in focus tomorrow!
Nava Bharat Ventures, Roto Pumps, Kohinoor Foods, Chennai Petroleum Corporation, ITC, Chennai Petroleum Corporation, Grauer & Weil (India), and Mangalore Refinery & Petrochemicals made a fresh 52-week high today
On Thursday, bears dominated Dalal Street driven majorly by weak global cues. Nifty and Sensex plummeted ~2.60 per cent to close at 15,809.40 and 52,792.23 respectively.
BSE Smallcap index tanked 2.29 per cent to end the session at 25,801.04. Top Gainers of the index include Nava Bharat Ventures, Ucal Fuel Systems, JK Lakshmi Cement, Expleo Solutions and Deep Industries. Top Losers comprise Techno Electric & Engineering, Tamil Nadu Newsprint & Papers, Syncom Formulations (India), Vijaya Diagnostic Centre and Manappuram Finance.
The following small-cap stocks are likely to be in focus on Friday, May 20, 2022:
Deep Industries - The company informed the exchange that the arbitration tribunal has pronounced the award on May 19, 2022, in favour of the company declaring that the termination of the gas dehydration systems phase - II contract by ONGC vide letter dated July 31, 2017, is held to be illegal, and also contravened the provisions of the contract agreement and is hereby, set-aside. The tribunal has also directed respondent ONGC to pay an aggregate amount of USD 6.996 million against the claims of standby charges and wrongful deductions from invoices, etc.
Asian Granito - The company has completed the land acquisition for all its three upcoming greenfield manufacturing plants in Morbi (Gujarat). The company plans to commence civil works including site development, building construction, and engineering work at the three manufacturing sites soon.
Under mega expansion plans, the company plans to set up three state-of-the-art manufacturing facilities at Morbi in value-added luxury surfaces & bathware segments including glazed vitrified tiles (GVT), sanitaryware, and stone plastic composite (SPC) flooring.
52-week high stocks – Nava Bharat Ventures, Roto Pumps, Kohinoor Foods, Chennai Petroleum Corporation, ITC, Chennai Petroleum Corporation, Grauer & Weil (India), and Mangalore Refinery & Petrochemicals made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on May 20, 2022.