Stocks to watch: These small-cap stocks will be in focus on Monday!
Andhra Paper, Vidhi Specialty Food Ingredients, Jagsonpal Pharmaceuticals, Cantabil Retail India, India Glycols, Nahar Capital & Financial Services, Rushil Decor, Ruchira Papers, and Bigbloc Construction made a fresh 52-week high today.
On Friday, the Indian equity markets witnessed a strong session on the back of positive global cues. The frontline indices i.e. Nifty 50 & Sensex ended the session at 17,670.50 and 59,276.60 respectively, up by approximately 1.20 per cent each.
BSE Smallcap index outperformed broader markets by recording gains of 1.71 per cent, closing at 28,699.41. The top gainers of the index include Mrs Bectors Food Specialities, IOL Chemicals & Pharmaceuticals, Sahyadri Industries, SML Isuzu, Morepen Laboratories, and Lux Industries. The top losers comprise Dhanvarsha Finvest, Techno Electric & Engineering, Rossell India, IFB Agro Industries, and Greenply Industries.
The following small-cap stocks are likely to be in focus on Monday, April 4, 2022:
G R Infraprojects – The company informed the exchange that it has received a letter of intent (LoI) from REC Power Development & Consultancy Limited dated March 31, 2022, for the establishment of a transmission system for evacuation of power from RE projects in Rajgarh (2,500 MW) SEZ in Madhya Pradesh through a tariff-based competitive bidding process.
NCC – The company intimated the exchange via a press release that it has received a new order for Rs 323.65 crore (exclusive of GST) in the month of March 2022. This order, which pertains to the building division, has been received from a state government agency and does not include any internal order.
Mishra Dhatu Nigam – The company has provided a business update for FY22. It has recorded the highest-ever sales of Rs 861.73 crore (provisional and unaudited) for FY22, compared to Rs 813.23 crore for FY21. The highest-ever exports of Rs 87.02 crore (provisional & unaudited) were also recorded for FY22 as against Rs 19.42 crore for FY21. Even with disruption in production activities due to the second wave of the pandemic, the company was able to mitigate the impact on production with better planning and execution.
52-week high stocks – Andhra Paper, Vidhi Specialty Food Ingredients, Jagsonpal Pharmaceuticals, Cantabil Retail India, India Glycols, Nahar Capital & Financial Services, Rushil Decor, Ruchira Papers, and Bigbloc Construction made a fresh 52-week high today.
Keep an eye out for the above-mentioned small-cap stocks on Monday, April 4, 2022.