Overnight Digest: These small caps will be in focus on Friday
Triveni Turbine, Spencer's Retail, Ambika Cotton Mills, IRB Infrastructure and DCW Limited made a fresh 52-week high today. These stocks will likely be in focus on Friday, October 1, 2021. Â
On Thursday, frontline indices Nifty and Sensex ended the session in red, down by 0.53 per cent and 0.48 per cent respectively amid high volatility in stock markets. However, BSE Mid-cap and Small-cap indices outperformed broader markets by gaining 0.33 per cent and 0.56 per cent respectively. Constituents of the small-cap index that were top gainers include – Welspun Corp, Triveni Turbine, Indian Overseas Bank, JMC Projects and Spencer Retail. Top losers were Max Ventures, Marathon Realty Zuari Agro Chemicals and Future Retail.
The following small-cap and mid-cap stocks are likely to be in focus on Friday:
ABB Power Products and Systems – The company has signed a memorandum of understanding with the Indian Institute of Technology Roorkee to progress toward a smart and sustainable campus energy ecosystem. The project involves the creation of a smart energy management system and microgrid with battery energy storage and will also establish an Integrated Monitoring, Analytics and Control Center for systems ranging from energy assets to transport, water, and waste on the IIT Roorkee campus. Additionally, the collaboration will develop opportunities for technology competency enhancement.
JMC Projects (India) – The company has recently announced that it has successfully secured new orders worth Rs 1,849 crore. The details are: B&F Projects in India – Rs 857 crore and Social Housing Project in Maldives – Rs 992 crore.
PDS Multinational Fashions – The company recently announced that it has completed the transaction with regard to the acquisition of 100 per cent Equity Stake in PG Capital FZE. The company is incorporated under the laws of Dubai, United Arab Emirates by the company’s step-down subsidiary, PDS Multinational FZCO, a company incorporated under the laws of Dubai, United Arab Emirates on September 27, 2021.
52-week High Stocks – Triveni Turbine, Spencer's Retail, Ambika Cotton Mills, IRB Infrastructure and DCW Limited made a fresh 52-week high today. These stocks will likely be in focus on Friday, October 1, 2021.