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

Armaan Madhani
/ Categories: Trending, Mindshare
Overnight Digest: These small caps will be in focus on Thursday

Rajdarshan Industries, Mayur Uniquoters, Sarthak Metals, Lovable Lingerie, Mirza International, North Eastern Carrying Corporation and Bedmutha Industries made a fresh 52-week high today.

On Wednesday, frontline indices Sensex and Nifty ended at 58,649.68 and 17,469.80, registering gains of more than 1.70 per cent each. Nifty IT index ascended 1.95 per cent. BSE Small-cap index gained 426.75 points i.e. 1.50 per cent to close the session at 28,784.77.

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

RattanIndia Enterprises – Two-wheeler EV manufacturer Revolt Motors, backed by the company has announced that it is expanding its retail presence in South India with the opening of their new store in Coimbatore. Tamil Nadu is one of the biggest two-wheeler markets in the country and this is the company’s third store in the state.

The Tamil Nadu government is offering a state incentive to EV OEMs ranging from full reimbursement of state GST paid on vehicle sales and full exemption from motor vehicle taxes for electric vehicles. Revolt Motors had recently opened its retail store in Madurai apart from its existing store in Chennai. 

Zen Technologies – Unistring Tech Solutions Private Limited (UTS), a subsidiary of the company has announced that it has secured an order worth Rs 61 crore from an Indian defence PSU. UTS has embraced the 'less is more’ philosophy following the company’s investment and has achieved this milestone order by ensuring laser-like focus on developing electronic warfare and counter-drone technologies.

Commenting on the order win, Dr Shravani Srinivas, Managing Director, UTS said, "This is a small start and we expect larger orders to come in the future.” 

52-week High Stocks – Rajdarshan Industries, Mayur Uniquoters, Sarthak Metals, Lovable Lingerie, Mirza International, North Eastern Carrying Corporation and Bedmutha Industries made a fresh 52-week high today. These small-cap stocks will likely be in focus on Thursday, December 9, 2021. 

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