Stocks to watch: These smallcap stocks will be in focus on Monday!
Maithan Alloys, Avadh Sugar & Energy, Sarda Energy & Minerals, Mawana Sugars, The Ugar Sugar Works, Zuari Global, Dwarikesh Sugar Industries, Balrampur Chini Mills, Gujarat Ambuja Exports, Gujarat Ambuja Exports, Vishnu Chemicals, and Narayana Hrudayalaya made a fresh 52-week high today.
On Friday, headline indices Nifty 50 and Sensex closed in the green territory at 16,630.50 and 55,550.30, with gains of 0.21 per cent and 0.15 per cent, respectively. BSE Small-cap index outperformed broader markets, registering gains of 0.91 per cent, ending at 27,141.43. Top gainers of the index include – Orient Paper, GTPL Hathaway, EPL, Fairchem Organics & Take Solutions.
The following trending stocks are likely to be in focus on Monday, March 14, 2022:
RattanIndia Enterprises, Zen Technologies & DCM Shriram Industries - Civil aviation ministry has recently invited applications from the drone industry for the production-linked incentive (PLI) scheme. The ministry has said that the total incentive is Rs 120 crore spread over 3 financial years, which is nearly double the combined turnover of all domestic drone manufacturers in FY 2020-21. Under the scheme, the incentive for a manufacturer of drones and drone components will be 20 per cent of the "value addition" made by the company during the next three years. Hence, RattanIndia Enterprises, Zen Technologies & DCM Shriram Industries could be key beneficiaries of this news.
Nazara Technologies – The company has recently announced an investment in Griffin Gaming Partners (Griffin) Fund II, L.P as a limited partner in the fund. Nazara Dubai is a limited partner in Griffin Gaming Partners Fund II, L.P for a capital commitment not exceeding USD 4 million (i.e. Rs 30 crore), payable in cash, in one or more tranches. Nazara Dubai will invest up to USD 1.34 million (i.e. Rs 10 crore) upfront while the rest of USD 2.66 Million (i.e. Rs 20 crore) will be deployed for 3 years.
Strides Pharma Science – The company has informed the exchange that its step-down wholly-owned subsidiary, Strides Pharma Global Pte Limited, Singapore, has received approval for Colchicine tablets USP, 0.6 mg from the USFDA. According to IQVIA MAT January 2022 data, the US market for Colchicine tablets USP, 0.6 mg is approximately USD 85 million.
Aurionpro Solutions - Aurionpro Payment Solutions Pvt Ltd has announced the completion of PCI-DSS certification of “AuroPay”, the innovative payment platform which seeks to be the one-stop shop covering a wide range of services in the payment ecosystem.
52-week High Stocks – Maithan Alloys, Avadh Sugar & Energy, Sarda Energy & Minerals, Mawana Sugars, The Ugar Sugar Works, Zuari Global, Dwarikesh Sugar Industries, Balrampur Chini Mills, Gujarat Ambuja Exports, Gujarat Ambuja Exports, Vishnu Chemicals, and Narayana Hrudayalaya made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Monday, March 14, 2022.