Stocks to watch: These small-cap stocks will be in focus tomorrow!
Navneet Education, Fineotex Chemical, Wonderla Holidays, KEI Industries, Axita Cotton, International Constructions, International Constructions, Karur Vysya Bank, Seshasayee Paper and Boards, Vedant Fashions and Steelcast made a fresh 52-week high today
On Thursday, Indian equity markets closed on a flat note. Nifty 50 and Sensex closed in the red territory at 17,832 and 58,298.8, with marginal losses of 0.04 per cent and 0.09 per cent respectively.
BSE Smallcap index outperformed broader markets recording gains of 0.25 per cent to end the session at 27,541.52. Top Gainers of the index include Subex, HLE Glascoat, Take Solutions, WPIL, Orient Paper & Industries and Easy Trip Planners. Top Losers comprise Satia Industries, Neuland Laboratories, SpiceJet and Satin Creditcare Network.
The following Small-Cap stocks are likely to be in focus on Friday, August 5, 2022:
Kalyan Jewellers - The company recorded consolidated revenue of Rs 3,333 crore for Q1FY23, a YoY growth of 104 per cent. Consolidated PAT was recorded at Rs 108 crore, as compared to a loss of Rs 51 crore in the previous year. Aided by industry tailwinds and strong execution, the company's business has seen a significant acceleration in scale, growth and profitability.
DCM Shriram - The company along with ReNew Power has announced the signing of two Captive Power Agreements (CPAs), to supply 50 MW of renewable energy from its two upcoming projects in Bhavnagar, Gujarat, to DCM Shriram’s chlor-alkali manufacturing facility in Bharuch district, Gujarat. The combined transaction is one of the largest corporate renewable power supply deals in India under an OpEx (operating expenses) with a captive model.
Intellect Design Arena - IntellectAI, a suite of artificial intelligence products from the company and Coherent, the global software as a service (SaaS) company fast becoming the ubiquitous standard for business logic, today announced a strategic partnership designed to help accelerate underwriting transformation for commercial carriers, brokers, and MGAs.
52-week high stocks – Navneet Education, Fineotex Chemical, Wonderla Holidays, KEI Industries, Axita Cotton, International Constructions, International Constructions, Karur Vysya Bank, Seshasayee Paper and Boards, Vedant Fashions and Steelcast made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on August 5, 2022.