Stocks to watch: These smallcap stocks will be in focus tomorrow!

Shivalik Bimetal Controls, Suven Pharmaceuticals, Royal Orchid Hotel, North Eastern Carrying Corporation, Linde India, Dangee Dums, Agri-Tech (India), Madhya Bharat Agro Products, The Ugar Sugar Works, Xpro India and Vishnu Chemicals made a fresh 52-week high today

On Wednesday, Indian equity markets ended on a weak note on account of profit booking after yesterday’s strong session. Benchmark indices Nifty 50 and Sensex ended in the red territory at 17,245.70 and 57,684.82, recording losses of 0.40 per cent and 0.53 per cent, respectively.

BSE Smallcap index closed on a flat note at 27,847.11, marginally down by 0.02 per cent. Top gainers of the index include Ashapura Minechem, Menon Bearings, Future Supply, Future Consumer and Nava Bharat Ventures. Top losers comprise Yaari Digital Integrated Services, Aptus Value Housing Finance India, MM Forgings and Lakshmi Machine Works.    

The following smallcap stocks are likely to be in focus on Thursday, March 24, 2022:  

MTAR Technologies – The company has informed the exchange that it has been declared L1 bidder for tenders floated by NPCIL for fuel transfer system of GHAVP 1 & 2 reactors and FM bridge & carriage assemblies of Kaiga 5 & 6 / GHAVP3 & 4 nuclear reactors. The combined value of orders is approximately Rs 135 crore and purchase orders for the same are expected in Q1 FY23.  

Som Distilleries & Breweries – The company has recently announced that it shall start production of Indian Made Foreign Liquor (IMFL) from their Odisha plant from Q1 FY 2022-23 onwards. The initial installed capacity will be 50,000 cases per month. This will bring additional profitability for the company.  

Bajaj Electricals – The company has informed the exchange that it has extended its trademark agreement with the United Kingdom based Morphy Richards Limited, for usage of the Morphy Richards trademark for a further 15 years with effect from July 1, 2022. The extension of the exclusive license will enable the company to continue using the trademark Morphy Richards for producing, marketing and selling the home appliances in India as well as neighbouring territories namely Nepal, Bhutan, Bangladesh, Maldives and Sri Lanka.  

52-week High Stocks – Shivalik Bimetal Controls, Suven Pharmaceuticals, Royal Orchid Hotel, North Eastern Carrying Corporation, Linde India, Dangee Dums, Agri-Tech (India), Madhya Bharat Agro Products, The Ugar Sugar Works, Xpro India and Vishnu Chemicals made a fresh 52-week high today.  

These smallcap stocks will likely be in focus on Thursday, March 24, 2022.