Stocks to watch: These small-cap stocks will be in focus on Monday!
Hariom Pipe Industries, Dynacons Systems & Solutions, Nahar Industrial Enterprises, Krishana Phoschem, Anand Rathi Wealth, JTL Infra, Hardwyn India, VIP Clothing, Jash Engineering, and Royal Orchid Hotels made a fresh 52-week high today.
On Wednesday, domestic equity markets continued their losing streak for the third straight session in a row. Headline indices Nifty and Sensex closed the session at 17,475.70 and 58,338.93; recording losses of 0.31 per cent and 0.41 per cent respectively.
BSE Small-cap index outperformed broader markets, closing the session with gains of 0.27 per cent. Top Gainers of the index include Apollo Pipes, Gandhi Special Tubes, Vakrangee, Anand Rathi Wealth and Morepen Laboratories. Top Losers comprise Techno Electric and Engineering Company, Mrs Bectors Food Soecialities, KBC Global and Tata Teleservices (Maharashtra).
The following small-cap stocks are likely to be in focus on Monday, April 18, 2022:
Man Infraconstruction – The company has received a letter of acceptance (LoA) from Bharat Mumbai Container Terminals Private Limited (BMCTPL) for the execution of Phase II works at Jawaharlal Nehru Port Trust (JNPT, Navi Mumbai) i.e. ‘Reclamation works- Material Supply’ for Rs 937.89 crore. This is one of the biggest single orders awarded to the company and will be executed in a timeframe of two years.
Zydus Lifesciences – The company has announced that it will be manufacturing and supplying Sagent’s Caffeine Citrate Oral Solution in the strength of 60 mg per 3 ml (20 mg per ml) single-dose vial from its injectables facility at Jarod (Gujarat). The company also announced that it received the prior approval supplement (PAS) approval from US Food & Drug Administration (USFDA), which allows for a site transfer and manufacturing of the drug at Jarod.
Jindal Stainless (Hisar) – The company recorded a total sales volume of 7,02,168 MT in FY22, up by 22 per cent as compared to FY21. The Q4FY22 sales volume remained stable at 1,78,784 MT. Riding on its globally-accepted quality products and a robust supply chain, the company more-than-doubled its exports, which stood at 18 per cent in Q4FY22 despite high volatility in global markets.
52-week high stocks – Hariom Pipe Industries, Dynacons Systems & Solutions, Nahar Industrial Enterprises, Krishana Phoschem, Anand Rathi Wealth, JTL Infra, Hardwyn India, VIP Clothing, Jash Engineering, and Royal Orchid Hotels made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on April 18, 2022.