Overnight Digest: These small caps will be in focus tomorrow
Bharat Road Network, Lotus Eye Hospital and Institute, Orbit Exports, Honda India Power Products, Agarwal Industrial Corporation, PSP Projects, Vishnu Chemicals and Palred Technologies made a fresh 52-week high today.
On Monday, Indian equity markets surged ahead of the Union budget. Benchmark indices Nifty 50 and Sensex soared ~1.40 per cent each, ending the first trading session of the week at 17,339.80 and 58,014.17 respectively. BSE Small-cap index underperformed broader markets by recording gains of 0.99 per cent, closing at 29,226.73.
The following small-cap stocks are likely to be in focus on Tuesday, February 1, 2022:
Ramco Systems – The company has recently announced the upgrade of its enterprise resource planning solution, Ramco ERP Software at India’s largest publicly listed real estate company, DLF Limited. The digital transformation program was aimed at enabling DLF to migrate its 14 years of legacy data residing across 480 plus companies and 700 plus organization units, onto a flexible, scalable and agile digital platform.
Under the agreement, Ramco will implement its comprehensive ERP suite comprising real estate management, project management, asset management, inventory and procurement, and finance and accounting, in a phased manner.
Kellton Tech Solutions – The company has announced that it has been selected as a technology partner by Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB), the Government of Telangana, to revolutionize its citizen service delivery and create world-class experiences.
As a part of this engagement, Kellton Tech will leverage descriptive analytics and IoT-based smart metering technology to support HMWSSB with real-time information for planning, monitoring, and diagnosis of its systems and processes across its value chains.
52-week High Stocks – Bharat Road Network, Lotus Eye Hospital and Institute, Orbit Exports, Honda India Power Products, Agarwal Industrial Corporation, PSP Projects, Vishnu Chemicals and Palred Technologies made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Tuesday, February 1, 2022.