Stocks to watch: These small-cap stocks will be in focus tomorrow!
Kritika Wires, Time Technoplast, Shanthi Gears, Madhya Bharat Agro Products, Mukand Engineers, Vaxtex Cotfab, Kanani Industries, Gallantt Ispat, GSS Infotech, and De Nora India made a fresh 52-week high today
On Monday, Indian equity markets kicked off the first trading session of the week with negative developments. Nifty and Sensex closed in the red territory at 16,301.90 and 54,470.67 respectively; with losses of 0.67 per cent each.
BSE Smallcap index significantly underperformed broader markets by sinking 1.67 per cent to close the session at 26,641.21. Top Gainers of the index include Texmaco Rail & Engineering, Deep Industries, HIL, Shree Pushkar Chemicals & Fertilizers and BASF. Top Losers comprise Techno Electric & Engineering, Privi Speciality Chemicals, Indostar Capital Finance and Hindustan Copper.
The following small-cap stocks are likely to be in focus on Tuesday, May 10, 2022:
Glenmark Pharmaceuticals – The company has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Calcipotriene and Betamethasone Dipropionate Foam. According to IQVIATM sales data for the 12-month period ending March 2022, Enstilar® Foam, (0.005 per cent|0.064 per cent) market achieved annual sales of approximately USD 115.2 million.
Tanla Platforms – The company has unveiled ‘Wisely Insights’ – a first in the industry feature that will enable access to real-time insights for leading enterprises, telcos, regulators, and the government. These rich insights are validated from two independent sources – blockchain-enabled ‘Wisely’ platform as well as core telecom systems that will result in a multifold increase in end-to-end transparency.
RattanIndia Enterprises - Revolt Motors, backed by the company has opened its new store in Patna. This is the first store in the state of Bihar, through which, the brand plans to cater to new consumers and promote the use of electric vehicles in the region. This is the brand’s twenty-third retail store in India. With this, the company aims to strengthen its presence across the nation and open 40 plus stores this year.
Exxaro Tiles – The company has signed famous Bollywood actor Ajay Devgn as its brand ambassador to endorse its tiles product for a period of two years.
52-week high stocks – Kritika Wires, Time Technoplast, Shanthi Gears, Madhya Bharat Agro Products, Mukand Engineers, Vaxtex Cotfab, Kanani Industries, Gallantt Ispat, GSS Infotech, and De Nora India made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on May 10, 2022.