Overnight Digest: These small cap stocks will be in focus on Wednesday
The markets built on its stupendous gains of Monday, with BSE Sensex climbing higher by more than 600 points in Tuesday trading session. Nifty crossing 17000 levels indicate the strength in the markets. BSE SmallCap index gained by more than 0.8 per cent, however failed to outperform the BSE Sensex on Tuesday.
Following small cap stocks will be in focus on Wednesday:
Infibeam Avenues: The shares of Infibeam Avenues jumped higher by more than 18 per cent on Tuesday after bouncing from its long-term support price of Rs 39.75 per share. The stock of Infibeam Avenues soared with a huge spike in volume and hence it will be in focus on Wednesday.
Laurus Lab: Laurus Lab after consolidation in near term seems to be attempting to breakout of its range. A long green candle body is formed in Laurus Lab. The stock after a gap up opening continued to build on its gains and managed to close near its day’s high. Laurus Lab will be in focus on Wednesday.
CAMS: CAMS has given a price volume breakout on Tuesday. The stock is trading at record highs and all the technical indicators points to strength in CAMS. CAMS will be in focus on Wednesday.
Tube Investments of India: The shares of Tube Investments jumped higher by more than 5 percent with all the gains coming in the last half hour of the trading session. It is believed that the closing price action is the most important price action. The shares of Tube Investments have managed to close at a fresh 52 week high if we consider the closing prices. The stock gained with a decent price volume and is in intermediate uptrend. Tube Investment will be in focus on Wednesday.
52-Week High: 8k Miles Software, FIEM Agro, HLE Glasscoat, Balaji Amines, Aptech, Punjab Chemicals, Pokarna and SBI Cards made a fresh 52-week high on Tuesday. These small caps will be in focus on Wednesday.
Coffee Day Enterprises: The shares of Coffee Day Enterprises were locked in upper circuit on Tuesday. The Mauritius based FPI KKR sold its stakes in Coffee Day enterprises in a bulk deal. Coffee Day share price will be in focus on Wednesday.