These five small-cap stocks have higher revenue and profit growth along with high ROCE and low PE
On the day of the monthly expiry, markets opened higher due to strong Asian trends and a weak dollar. In this post, we have highlighted the top five small-cap stocks with stronger revenue and profit growth, a high ROCE, and a low PE.
Nifty 50 opened higher at 17,771.4, up from the previous close of 17,656.35, on the back of strong Asian trends and a weakening dollar. Leading Wall Street indices saw a mixed closing on Wednesday as a result of dismal earnings expectations, which fuelled concerns about a downturn in the global economy.
On the other hand, the Bank of Canada's interest rate hike was lower than anticipated. This raises the prospect that the US Federal Reserve may tone down the pace of rate hikes at its forthcoming meeting.
Nasdaq Composite plunged 2.04 per cent as a result of weak quarterly reports from Alphabet, Microsoft, and Meta. Dow Jones finished flat, up 0.01 per cent, while S&P 500 declined 0.74 per cent.
However, Asian markets surged on Thursday amid growing optimism that central banks around the world may slow their rate hikes. This confidence can also be linked to the weakening of the dollar, which has driven yields lower.
Nifty 50 was trading at 17,722.6 at 10:40 a.m., up 66.25 points or 0.38 per cent. Frontline indices are performing in line with broader market indices. Nifty Mid-Cap 100 index ascended by 0.4 per cent, while the Nifty Small-Cap 100 index climbed by 0.47 per cent.
According to October 25 statistics, FIIs were net sellers while DIIs were net buyers. Foreign Institutional Investors (FII) sold shares worth Rs 247.01 crore. Domestic Institutional Investors (DII) bought Rs 872.88 crore worth of shares.
The following are the top five small-cap stocks with higher revenue and profit growth, higher ROCE, and lower PE.
| Stocks |
Market Cap (Rs Cr.) |
CMP (Rs) |
Operating Revenue Growth TTM (%) |
Net Profit TTM Growth (%) |
ROCE Annual 3Y Avg. (%) |
| Sandur Manganese & Iron Ores Ltd. |
1,839.9 |
681.3 |
121.9 |
100.5 |
28.0 |
| Automotive Stampings and Assemblies Ltd. |
603.7 |
380.55 |
73.0 |
383.3 |
84.6 |
| Jindal Stainless Ltd. |
7,312.3 |
139.15 |
53.1 |
125.2 |
21.1 |
| Brightcom Group Ltd. |
7,155.7 |
35.45 |
103.7 |
122.5 |
21.9 |
| Godawari Power & Ispat Ltd. |
3,726.6 |
264.4 |
33.4 |
32.3 |
33.6 |