Overnight Digest: These small caps will be in focus on Monday
On Friday, frontline domestic indices Nifty and Sensex yet again recorded fresh highs of 17,947.65 and 60,333.00. Both indices closed with gains of more than 0.15 per cent. BSE Smallcap index ended in the red territory, down by 0.30 per cent at 28,023.34 and underperformed broader markets. From the index NIIT, Repro India Aptech and V2 Retail were top gainers. While JTL Infra, GTL Infrastructure and Syncom Formulations were top losers.
The following small-cap and mid-cap stocks are likely to be in focus on Monday:
Caplin Point Laboratories – Amaris Clinicals (Amaris), the Clinical Research Organization (CRO) division of Caplin Point Laboratories Limited, has completed a virtual audit from the United States Food and Drug Administration (USFDA) with ‘NIL’ observations. The company targets approvals on mutual recognition basis from other regulatory bodies, including ones from Latin America, a key geography for Caplin Point. With the potential increase in demand for these activities, the company plans to further expand capacities at this site soon.
PVR – CRISIL Ratings has downgraded the company’s ratings on bank facilities and debt programmes to ‘CRISIL A+/CRISIL PP-MLDA+r/Negative/CRISIL A1’ from ‘CRISIL AA-/CRISIL PPMLD AA-r/Negative/CRISIL A1+’.
PSP Projects – The company has received a Letter of Intent(s) (LOIs) and Work Orders (WOs) for new projects worth Rs 421.87 crore (excluding GST) towards institutional, industrial, residential and precast segments from various clients. With the receipt of the above, the new LOIs and WOs received during the financial year 2021-22 till date amount to Rs 637.23 crore (excluding GST).
Aurionpro Solutions – The company recently announced that it has expanded its footprint in the payment business by launching its payment platform. It has set up Aurionpro Payment Solutions as its global headquarters in Singapore and a subsidiary company in India. Aurionpro Payments has launched ‘AuroPay’, an innovative payment platform that will offer online payment services in a secured way. This platform will offer gateway services to merchant organizations and shall become a one-stop-shop covering a wide range of services in the payment ecosystem. The platform will primarily focus on B2C and B2B opportunities.
52-week High Stocks – Indus Towers, NIIT, Aptech, Oberoi Realty and K.P.R Mill have made a fresh 52-week high today. These stocks are likely to be in focus on Monday, September 27, 2021.