Stocks to watch: These small-cap stocks will be in focus tomorrow!

Elecon Engineering Company, Sumitomo Chemical India, Khandwala Securities, Standard Industries, Kohinoor Foods, HBL Power Systems, Aether Industries, and Mukand Engineers made a fresh 52-week high today

On Monday, the Indian equity markets kicked off the week on a negative note. Nifty 50, as well as Sensex, closed at 16,569.50 & 55,675.32 in the red territory, down by 0.09 per cent and 0.17 per cent, respectively.     

BSE Smallcap index slipped 0.54 per cent to close at 26,240.44. Top Gainers of the index include Mangalore Chemicals & Fertilizers, Gallantt Metal, Kamdhenu, Sterling Tools, and McLeod Russel India. The Top Losers comprise Techno Electric & Engineering, Suzlon Energy, Raymond, V-Mart Retail, and Xelpmoc Design & Tech.   

The following small-cap stocks are likely to be in focus on Tuesday, June 7, 2022:    

PSP Projects – The company has informed the exchange that it is in receipt of new work orders worth Rs 154.89 crore (excluding GST) in the institutional, residential & precast segments, and with this, the total work orders received during FY-23 to date amounts to Rs 549.62 crore. Also, the company has emerged as the lowest bidder (i.e. L-1 bidder) for Government Medical College & Hospital in Gujarat with a bid value worth Rs 615.18 crore.    

Power Mech Projects – The company has received several letters of award (LoA), cumulatively worth Rs 521.95 crore.     

Moneyboxx Finance – The company has raised equity capital of Rs 20.77 crore by way of private placement from non-promoter investors on June 2, 2022, which followed Rs 14.42 crore of equity raised earlier in December 2021.       

52-week high stocks – Elecon Engineering Company, Sumitomo Chemical India, Khandwala Securities, Standard Industries, Kohinoor Foods, HBL Power Systems, Aether Industries, and Mukand Engineers made a fresh 52-week high today.   

Keep an eye out for the above-listed small-cap stocks on June 7, 2022.