DSIJ Mindshare

Although some recovery was seen in the small-cap and mid-cap stocks over the last two months, around 73 companies hit 52-week low on the last trading day of FY19, i.e., March 29, 2019. All these companies were small-caps with majority stocks having market cap less than Rs. 100 crore. Only 7 companies belonged to the market-cap between Rs. 150 crore to Rs. 3,250 crore.

Amara Raja was trading down on Wednesday after the company announced that it has terminated an agreement with Galla Family and Johnson Controls (JC).

The stocks that are likely to witness significant movement on the bourses on April 4 are Cadila Healthcare, Graphite India, HDFC Bank, J&K Tyre and Ashok Leyland.

Raymond Group, which is well-known as a fashion and textile retailer has forayed into real estate development segment. It has set up a new division named ‘Raymond Realty’ through which it has undertaken the project to build quality housing for all. The central theme for this new venture as decided by the company is ‘Go Beyond’.

State-owned rail infrastructure financier Rail Vikas Nigam Limited (RVNL) is slated to be the first successful Initial Public Offering (IPO) of FY2020. At 14:15 hours on Wednesday, the IPO was oversubscribed with enthusiastic participation from retail investors.