Small-cap stocks: Keep a close eye on these trending stocks on October 4, 2021.
BSE Midcap index shrunk by 0.11%, but the BSE Small-cap index bucked the trend and gained 0.48% to end the session at 28,215.62.
Nifty50 and Sensex ended on Friday, October 1, 2021, at 17,532 and 58,765.5 respectively down by more than 0.50% each. Mahindra and Mahindra, Coal India, Indian Oil Corporation and ONGC were top blue-chip gainers. While Bajaj Finserv, Maruti Suzuki, Asian Paints and Bajaj Finance were top losers. BSE Midcap index shrunk by 0.11%, but the BSE Small-cap index bucked the trend and gained 0.48% to end the session at 28,215.62.
Keep a close eye on these trending small-cap stocks for Monday:
Ugro Capital - The company has recently announced that it has signed a co-lending agreement with IDBI bank, on the occasion of the bank’s 58th Foundation Day. The co-lending arrangement will work towards providing formal credit to underserved MSMEs, at affordable rates. For the same, IDBI Bank will leverage the company’s digital technology platform driven by a ‘Data Tripod’, which comprises GST, banking & bureau, in addition to the company’s deep sectoral understanding, and multi-channel distribution reach.
The company has been building its GRO – Xstream platform, which through APIs integrates with banks on one side and with multiple fintech, payments platform, nbfc, neobank, market places and other digital platforms on the other. The company has said in a filing with the exchange that – “Once fully operational, the GRO – Xstream platform would have the power to unleash and democratize MSME credit in India by leveraging banks prowess on the liability side and U GRO Capital along with its origination partners as well as its underwriting engine on the assets side.”
Meera Industries – The company has announced that it has received export orders of USD 1,36,000 from Natural Fiber Welding, Inc and Zippercord LLC. The Natural Fiber Welding Company has placed an order for our newly developed inline precision winder and Zippercord has ordered our assembly winder machine. The use of eco-friendly products has become increasingly popular since global warming is a concern of many people. Natural yarn is becoming increasingly popular and their demand is also increasing. The company is successfully making inroads into this market with its upgraded version of twisting and winding machines.
Ramkrishna Forgings – The company has announced that it has commenced commercial production of 2000 Ton warm/hot Forming Press at Ramkrishna Forgings Limited - Plant VII (Forging Division). This will enhance the company’s production capacity by a whopping 9,900 tons per annum. The total production capacity of the company now stands at 1,87,100 tons.
52-week High Stocks - The following stocks have made fresh 52-week high today – Vidhi Specialty Food Ingredients, GMR Infrastructure, Delta Corp, Jindal Photo, Share India Securities, IDBI Bank and Allcargo Logistics.
Keep a close eye on these counters on Monday, October 4, 2021.
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