Overnight Digest: These small caps will be in focus on Thursday
Indian stocks markets soared high like an eagle on Wednesday, September 15 2021. Frontline indices Nifty and Sensex touched new highs of 17,532.70 and 58,777.06 during the day and ended with gains of 0.80 per cent and 0.82 per cent respectively. In Nifty NTPC, Bharati Airtel, Coal India and ONGC were top gainers, while Tata Consumer Products, BPCL, and Nestle were top losers. The BSE Small Cap index was also strong throughout the day and closed with gains of 0.86 per cent i.e. 241.62 points. Varroc Engineering, Zensar Technologies, RPSG Ventures, Ramco System and BLS International were top gainers.
The following small-cap and mid-cap stocks are likely to be in focus on Thursday:
Rama Steel Tubes – The company has received orders from UPPCL (Lucknow), Jal Shakti Vibhag (Himachal Pradesh) and NPCL (Noida) and BSES (New Delhi) aggregating to the tune of Rs 429 million. These orders are mainly for the supply of electrical poles and G.l. Pipes. These orders will further strengthen the company’s order book and credibility in the market.
PDS Multinational Fashions – The company has acquired a 50 per cent stake in Filkor Limited, a UK-based entity, with an investment of £500,000 through its subsidiary company. Filkor has developed a revolutionary product destruction process that allows for high-end fashion houses to transform their waste and surplus stocks into a granulate that is then upcycled 100 per cent into a variety of further uses i.e., brick slips, shop fittings, and other artistic and functional objects. Filkor will form part of the ‘Circular Fashion Impact Fund’ within the PDS Venture Tech Investments portfolio.
Cyient – The company has expanded its digital solutions portfolio for the aerospace industry with PPAP4Aero. PPAP4Aero is a global AS9145 Supplier PPAP Compliance software and services framework for enabling an intelligent supply chain. The Microsoft Azure ITAR compliant SaaS cloud app and global support services solution aim to reduce costs while ensuring the quality of manufactured parts for aerospace use.
Thomas Cook India - The company has expanded its Payment Solutions portfolio and extended its relationship with Visa to include multicurrency Borderless Visa Card. The Thomas Cook Borderless card can be loaded with nine global currencies on a single card - US Dollars, British Pounds, Euro, Australian Dollars, Canadian Dollars, Swiss Francs, Singapore Dollars, Thai Baht and United Arab Emirates Dirhams. Additionally, the partnership benefits customers with access/acceptance across the extensive Visa network of over 70 million merchant establishments and e-commerce sites worldwide.
Subex – The company has broken new ground with its new patent granted by the U.S. Patent and Trademark Office. It can now extend its revenue maximization capabilities to the network edge. This marks a significant achievement for the company as it will now be able to help telecom operators and subscribers to take actions proactively and prevent fraud faster and accurately by arresting it at the source. This also signifies an important milestone in the company’s 5G roadmap.
Royal Orchid Hotels – The company has announced the opening of five new properties. Two hotels are under the brand Regenta Inn, one under the brand Regenta Central, one under the brand Regenta Place and one under the brand Regenta Resort. These hotels were opened in various destinations across India. Two hotels in Amritsar, one in Sambalpur and one in Somnath. The group also opened one leisure property in Kabini, Karnataka. The new hotels launched in Amritsar, Somnath and Sambalpur will help fortify the group’s position as one of the leaders in the corporate business market.
52-week High Stocks – Ami Organics, Zensar Technologies, RPSG Ventures, Shivalik Bimetal Controls, Meghmani Finechem, BLS International, Sandhar Technologies, Karnataka Bank and Rossari Biotech have made a fresh 52-week high today. These stocks will likely be in focus on Thursday, September 16, 2021.