Stocks to watch: These small-cap stocks will be in focus tomorrow!
Archidply Industries, eMudhra, Kirloskar Electric, Marathon Nextgen Realty, Raj Television Network, International Constructions, Hardwyn India, Som Distilleries & Breweries, Kritika Wires, Foseco India, Campus Activewear and Vinati Organics made a fresh 52-week high today
On Tuesday, Indian equity markets ended the session in the red territory with negative developments. Nifty 50 and Sensex recorded losses of ~0.89 per cent each to close the session at 16,483.8 and 55,268.4 respectively.
BSE Smallcap index relatively unperformed broader markets by falling 1.20 per cent to end at 26,417.91. Top Gainers of the index include Cerebra Integrated Technologies,Sandur Manganese & Iron Ores,Astra Microwave Products,Ujjivan Small Finance Bank, Ujjivan Financial Services and Inox Wind. Top Losers comprise Techno Electric & Engineering, Tanla Platforms, Ramco Systems, Persisent Systems and Sonata Software.
The following Small-Cap stocks are likely to be in focus on Wednesday, July 27, 2022:
RMC Switchgears - The company has announced that its turnover has increased 10 times in Q1FY23 from Rs 3 crore in the previous year to Rs 29 crore. Its order book stands at Rs 81.30 crore as of June 30, 2022, which the company plans to deliver in the next two quarters.
Symphony - The company reported healthy finances for June quarter. Q1FY23 recorded the highest-ever first quarter standalone & consolidated sales, up by 30 per cent and 13 per cent, respectively vis-à-vis the previous historical high. This was despite the historical highest pre-season channel inventory (due to COVID-19 in the previous two summer seasons). The board of directors has recommended an interim dividend of Rs 2 per equity share (of the face value of Rs 2 each), amounting to Rs 13.99 crore for FY 2022-23.
Add-Shop E-Retail - In Q1FY23, the company recorded its best-ever quarterly performance to date in terms of revenue from operations and profit after tax. Revenue from operations stood at Rs 49.63 crore in Q1FY23, up by 59 per cent YoY and 7.18 per cent QoQ. Subsequently, profit before tax stood at Rs 7.72 crore in Q1FY23, an increase of 74 per cent YoY and 11.96 per cent QoQ.
52-week high stocks – Archidply Industries, eMudhra, Kirloskar Electric, Marathon Nextgen Realty, Raj Television Network, International Constructions, Hardwyn India, Som Distilleries & Breweries, Kritika Wires, Foseco India, Campus Activewear, and Vinati Organics made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on July 27, 2022.