Stocks to watch: These small-cap stocks will be in focus on Wednesday!
The domestic equity benchmarks ended with minor cuts on Tuesday. Domestic sentiments were dented amid negative global cues. Oil & gas, IT and metal and Railway stocks advanced in today’s trading session as most of the sectors were in red. The shares of Tube investments made a new 52-week high of Rs 3046.25 per share. Bank of Japan held its benchmark interest rates steady and announced that it will expand the range of 10-year Japan government bond yield.
The following Small-Cap stocks are likely to be in focus on Wednesday, December 21, 2022:
Salasar Techno Engineering: The company has secured two orders worth Rs 748.46 crore from Pashcimanchal Vidyut Vitran Nigam. On the back of this news an increase in trading volume was seen and the stock reached a new 52-week high of Rs 58 per share.
Capacit'e lnfraprojects: The company has received an order worth Rs 117.20 crore from DLF for the construction of a proposed mall. The stock saw a spurt in trading volume by 3 times and has gained nearly 1 per cent in today’s trading session.
TruCap Finance: The company has announced a binding agreement to raise up to Rs. 105 crore (nearly US$13.1 million) in a combination of equity shares, convertible warrants and nonconvertible debentures from Zeal Global Opportunities Fund. The shares of TruCap finance soared by 4.65 per cent and closed the day at Rs 75.45 per share.
ISGEC Heavy Engineering: lsgec has received two prestigious orders for Dry Sorbent Injection (DSI) System Packages from Maharashtra Power Generation Corporation Limited (MAHAGENCO) and The West Bengal Power Development Corporation Limited (WBPDCL) for a thermal power station. A surge in the trading volume was seen as the stock closed on a positive note at Rs 517.95 per share.
52-Week High: Ganesha Ecosphere, Apar Industries, JK Paper, PSP Projects and Rhi Magnesita India.
Keep an eye out for the above-listed small-cap stocks on December 21, 2022.