Small-cap stocks: Keep a close eye on these trending stocks for October 7, 2021.
The following small-cap stocks have made fresh 52-week high today – Fairchem Organics, Golden Tobacco, Genesys International, Cineline India, ABM International and JITF Infralogistics.
Frontline benchmark indices Nifty 50 and Sensex shrunk by more than 0.90% each on October 6, 2021. Nifty Bank also corrected by 0.58% i.e. 219.45 points to close the session at 37,521.5. BSE Mid-cap index plunged by 1.22% and underperformed broader markets. BSE Small-cap index relatively outperformed by losing 0.55%.
Keep a close eye on these trending small-cap stocks on Thursday.
Raymond – The company’s subsidiary Raymond Realty has recently announced the development of ‘Grade A’ commercial and high street retail space at Thane land spread across 9.5 acre. The company also announced its plans to build premium residential units comprising of 3 and 4 BHK configurations spread across 1 million square feet subject to requisite approvals. The project is expected to come with premium amenities with some being the first of their kind in the sector in India.
With the ongoing construction at a breakneck speed and completion of its first three towers tower structure in a record time, the organization is committed to delivering its first unit ahead of 24 months of the RERA deadlines. As per a filing with the exchange, “In an environment that is marred by delayed delivery of Real Estate projects, this commitment by Raymond Realty for its home buyers will be a first of kind benchmark in the industry in line with the brand ethos of trust, quality and excellence of Raymond.”
In addition to housing and commercial projects in Thane, Raymond Realty is also evaluating numerous options through joint development agreements without land acquisition in the Mumbai Metropolitan Region.
MTAR Technologies – CRISIL Ratings has upgraded its ratings on bank facilities of the company to 'CRISIL A-/Stable/CRISIL A2+' from the earlier 'CRISIL BBB+/Positive/CRISIL A2.’ Ratings continue to reflect the healthy business risk profile of the company marked by a strong order book, long-standing relationship with customers, strong export diversity and healthy operating profitability.
As per the filing with the exchange, “The ratings also benefit due robust financial profile bolstered by recent IPO with healthy accruals and debt protection metrics. These strengths are partially offset by large working capital requirement, customer concentration risk and susceptibility to risks inherent in a tender based business.”
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Fairchem Organics, Golden Tobacco, Genesys International, Cineline India, ABM International and JITF Infralogistics. Keep a close eye on these counters on Thursday, October 7, 2021.
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