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

63 moons technologies, Agarwal Industrial Corporation, Aro Granite Industries, Automotive Stampings and Assemblies, Black Box Limited and Bedmutha Industries made a fresh 52-week high today.

On Tuesday, headline equity indices Nifty and Sensex ended in the green territory, with gains of 1.56 per cent each. Nifty IT index climbed 1.13 per cent and ended the session at 35,272.30. BSE Smallcap index relatively underperformed broader markets by gaining only 319.49 points i.e. 1.14 per cent.  

The following small-cap stocks are likely to be in focus on Wednesday:   

Praj Industries – The company has announced that it has successfully developed an innovative solution to process sugarcane juice into a new sustainable feedstock BIOSYRUP® for round the year ethanol production. Sugarcane juice is a perishable and seasonal feedstock that cannot be stored for more than 24 hours.

Praj Industries has developed a patented technology to process cane juice into conditioned BIOSYRUP® that has storability of up to 12 months. This facilitates sugar mills to produce ethanol beyond sugar season thus helping increase production capacity and maximize revenue. 

Prakash Industries – The company has announced that it has secured long term coal linkages of 8, 10,200 MT per annum for the next five years for its captive power plant in the coal linkage auction concluded today by Coal India Limited under Tranche-V in the CPP subsector. The above linkages will insulate the Company against the volatility in the coal prices and thus provide long term stability to the operations of the company and improve its operating and financial performance. 

ADF Foods – The company via its wholly-owned subsidiary, ADF Foods UK Limited has entered into an exclusive distribution agreement with Patanjali Ayurved Limited (Patanjali). This agreement entails the distribution of Patanjali consumer goods in the geographic regions of Western Europe and the United Kingdom. 

This development is in line with the company’s strategy to widen its product portfolio and offer a complimentary range to retailers, thus leading to better market penetration. It already has a strong presence in the UK and European markets through its branded ethnic foods business. 

52-week High Stocks – 63 moons technologies, Agarwal Industrial Corporation, Aro Granite Industries, Automotive Stampings and Assemblies, Black Box Limited and Bedmutha Industries made a fresh 52-week high today. These small-cap stocks will likely be in focus on Wednesday, December 8, 2021.