Stocks to watch: These small-cap stocks will be in focus tomorrow!
Elecon Engineering Company, Vinyl Chemicals (India), eMudhra, Kirloskar Electric, New Delhi Television, Raj Television Network, International Constructions, Hardwyn India, Som Distilleries & Breweries, Kritika Wires, Foseco India, Timken India, and Sree Rayalaseema Hi-Strength Hypo made a fresh 52-week high today
On Monday, Indian equity markets kicked off the week on a weak note. Nifty 50 and Sensex recorded losses of ~0.55 per cent each to close the session at 16,631 and 55,766.2 respectively.
BSE Smallcap index relatively outperformed broader markets by slipping only 0.13 per cent to end at 26,739.14. Top Gainers of the index include D-Link India, Lasa Supergenerics, Elecon Engineering, Apar Industries, Usha Martin, Navin Flourine International and HCL Infosystems. Top Losers comprise Techno Electric & Engineering, Sharda Cropchem, Greenpanel Industries, HFCL and Urja Global.
The following Small-Cap stocks are likely to be in focus on Tuesday, July 26, 2022:
Aurionpro Solutions - The company reported strong earnings for Q1FY23. PAT for Q1FY23 stood at Rs 24 crore, a huge jump of 60 per cent on a YoY basis. On a QoQ basis, PAT grew by 9 per cent. The quarter saw robust growth in numbers, especially on a YoY basis. Revenue for the quarter stood at Rs 146 crore with a healthy growth of 26 per cent on a YoY basis and 7 per cent on a QoQ basis.
Jyothy Labs - The company's Q1FY23 revenue came in at Rs 597 crore, up by 13.7 per cent. Its volume growth was reported at 5 per cent. PAT stood at Rs 47.7 crore as against Rs 40.2 crore, in the same period last year, up by 18.7 per cent.
Intellect Design Arena - The company has announced that Mineral Development Bank has chosen iGCB’s Intellect Digital Core to transform its banking solutions. A new entrant in Myanmar, the bank aims to open 15 branches this year. The digital transformation will provide the bank with a platform to innovate faster than its competitors.
52-week high stocks – Elecon Engineering Vinyl Chemicals (India), eMudhra, Kirloskar Electric, New Delhi Television, Raj Television Network, International Constructions, Hardwyn India, Som Distilleries & Breweries, Kritika Wires, Foseco India, Timken India, and Sree Rayalaseema Hi-Strength Hypo made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on July 26, 2022.