Stocks to watch: These smallcap stocks will be in focus on March 2
Vadilal Industries, Vaishali Pharma, Rajnandini Metal, Orient Bell, Shankara Building Products and Fine Organic Industries made a fresh 52-week high today.
On Monday, Indian equity markets opened in the red territory but witnessed a strong recovery closing in the green territory with decent gains. Well-fed bulls drove frontline indices Nifty 50 and Sensex higher, which closed at 16,793.90 and 56,247.28 with gains of 0.81 per cent and 0.70 per cent. BSE Smallcap index replicated the broader market trend, gaining 0.80 per cent i.e. 211.95 points and closing at 26,662.33.
The following trending stocks are likely to be in focus on Wednesday, March 2, 2022:
Zen Technologies – The company has announced that it has been awarded an export contract for the supply of training equipment worth Rs 13.50 crore. As of date, the company's total order book stands at Rs 428.56 crore.
Aurionpro Solutions – SC Soft Pte Ltd, Singapore, a subsidiary of the company has announced an order win to design, develop and supply on-board validators supporting the upgradation to EMV open-loop ticketing for the 200 pilot buses in Costa Rica. The order is valued at USD 225,000 which covers the supply of equipment and implementation by the end of Q2FY22, followed by the maintenance and support post-warranty.
Ducon Infratechnologies – The company has announced a bonus issue of 1 share for every 10 shares. The Board has also approved an increase of authorised capital from Rs 25 crore to Rs 30 crore to meet the increasing growth capital needs of the company.
Unichem Laboratories – The company has received ANDA approval for its Divalproex Sodium Extended-Release Tablets USP, 250 mg and 500 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Depakote® ER (Divalproex Sodium) Extended-Release Tablets 250 mg and 500 mg, of AbbVie Inc.
52-week High Stocks – Vadilal Industries, Vaishali Pharma, Rajnandini Metal, Orient Bell, Shankara Building Products and Fine Organic Industries made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Wednesday, March 2, 2022.