Overnight Digest: These small caps will be in focus on Monday
Gokul Refoils and Solvent, IMP Powers, Indo Thai Securities, Manaksia Aluminium Company, Global Vectra Helicorp and Tata Teleservices (Maharashtra) Limited made a fresh 52-week high today.
On Friday, Indian equity witnessed heavy selling pressure. Frontline indices Nifty 50 and Sensex corrected by 1.53 per cent each to close the session at 16,985.2 and 57,011.7, respectively. BSE Small-cap index underperformed broader markets, slipping 2.07 per cent i.e, 600.62 points to end at 28,465.20.
The following small-cap stocks are likely to be in focus on Monday:
Vakrangee – Vakrangee Digital Ventures, a subsidiary of the company has announced an alliance with Upstox (RKSV Securities India Pvt. Ltd), one of the fastest-growing investment platforms in India, to offer online trading account opening services through its BharatEasy mobile application. The company will also provide the service from its physical network of Vakrangee Kendras.
By downloading Vakrangee’s ‘BharatEasy Super App’ mobile application, customers would get access to a wide array of products and services which would significantly reduce their requirement to switch between multiple apps. This would lead to superior customer experience and convenience for the user.
KEC International – The company has informed the exchange that it has successfully secured new orders of Rs 1,041 crore across the following businesses:
- Transmission & Distribution (T&D): The business has secured orders for T&D projects in India, Middle East and the Americas.
- Civil: The business has secured an order for building a Data Centre in Western India.
- Cables: The business has secured orders for various types of cables in India and overseas.
With these orders, the company’s year to date order intake stands at Rs 12,000 crore, exhibiting a robust growth of over two times vis-Ã -vis last year.
52-week High Stocks – Gokul Refoils and Solvent, IMP Powers, Indo Thai Securities, Manaksia Aluminium Company, Global Vectra Helicorp and Tata Teleservices (Maharashtra) Limited made a fresh 52-week high today.
These small-cap stocks will likely be in focus on Monday, December 20, 2021.