Stocks to watch: These small-cap stocks will be in focus tomorrow!
Global Education, Megastar Foods, Madhya Bharat Agro Products, Kritika Wires, Kohinoor Foods, Vaxtex Cotfab, Indian Card Clothing, Dhanvarsha Finvest, and Kanani Industries made a fresh 52-week high today.
On Tuesday, Indian equity markets closed a flat note. Nifty 50 and Sensex ended at 16,240 and 54,364.85, down by 0.38 per cent and 0.19 per cent.
BSE Smallcap index notably underperformed broader markets, by recording losses of 2.11 per cent. Top Gainers of the index include GNFC, Texmaco Rail & Engineering, Titagarh Wagons, Lakshmi Machine Works, Asian Granito, PTC Industries Brightcom Group and Polyplex Corporation. Top Losers comprise Techno Electric & Engineering, Kamdhenu, Privi Speciality Chemicals, RattanIndia Enterprises and Precision Camshafts.
The following small-cap stocks are likely to be in focus on Wednesday, May 11, 2022:
Ester Industries – The company has entered into a definitive agreement to sell its engineering plastic business to Radici Plastics India Private Limited, engaged in the business of manufacturing engineering plastic products in an all-cash slump sales transaction, amounting to Rs 289.33 crore.
SecureKloud Technologies – The company has announced a major rejig in the business strategy and senior management to tap into the growing cloud market in India by offering platform-based products, along with the current service-based offerings. In a game-changing five-pillar strategy, the company will roll out platform-based products that will cut down the cloud adoption costs by 80 per cent and save time by 70 per cent. The five pillars will be cloud, data, neutral zone, cloud transformation, and blockchain.
Ramkrishna Forgings – The company has received a multi-year export order worth Rs 105 crore per annum from a leading manufacturer of chassis-related systems and components primarily for trailers as well as for trucks & buses in the USA. The supplies are expected to commence from CY-2023.
52-week high stocks – Global Education, Megastar Foods, Madhya Bharat Agro Products, Kritika Wires, Kohinoor Foods, Vaxtex Cotfab, Indian Card Clothing, Dhanvarsha Finvest, and Kanani Industries made a fresh 52-week high today.
Keep an eye out for the above-listed small-cap stocks on May 11, 2022.