Overnight Digest: These small caps will be in focus on Friday

Armaan Madhani
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Overnight Digest: These small caps will be in focus on Friday 1203 0

TCNS Clothing, AMD Industries, Tilaknagar Industries, Almondz Global Securities, Delta Manufacturing, Best Agrolife and Precision Wires India made a fresh 52-week high today.

On Thursday, headline index Sensex closed the session at 60,923.50 down by 0.55 per cent. Telecom, energy and realty stocks saw corrections and ended in the red territory. BSE Midcap index relatively outperformed broader markets by losing only 0.38 per cent and the BSE Smallcap index went down by 0.69 per cent. 

The following small-cap and mid-cap stocks are likely to be in focus on Friday:  

Ramco Systems – The company which is an access software partner of NASDAQ listed Workday has announced that it has achieved Workday Global Payroll Certified status. The company provides customers with a seamless integration that connects Workday Human Capital Management (HCM) with Ramco Global Payroll.

Workday HCM is a unified system that helps enable organizations to make faster decisions, gain operational visibility, prepare for future talent shifts, and build effective teams. With this integration, Workday customers can leverage Ramco’s global payroll platform that covers 100 plus countries, including several European countries and more than 60 countries across APAC, Middle East and Africa. 

Ramco System’s global coverage will help organizations to comply with ever-changing and complex statutory requirements while driving organization-wide harmonization across payroll operations. 

Gateway Distriparks – The company has reported that their Q2FY22 consolidated profit after tax (PAT) jumped 1255.5 per cent on an annual basis to Rs 46.90 crore. Their net debt as of September 30, 2021, stands at Rs 440.91 crore against Rs 470.23 crore as of June 30, 2021. 

The company expects business to further pick up pace in the coming quarters. The gradual commissioning of more DFC corridors, growth in EXIM business and government support to trade is likely to continue helping them. 

52-week High Stocks – TCNS Clothing, AMD Industries, Tilaknagar Industries, Almondz Global Securities, Delta Manufacturing, Best Agrolife and Precision Wires India made a fresh 52-week high today. These small-cap stocks will likely be in focus on Friday, October 22, 2021.

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