Small-cap stocks: Keep a close eye on these trending stocks on October 8, 2021.
The following small-cap stocks have made fresh 52-week high today – Lemon Tree Hotels, Vascon Engineers, Shanti Overseas (India), VIP Industries, Dollar Industries and Trent.
Markets ended in the green territory on Thursday on the back of positive global cues. Nifty 50 and Sensex gained 144.35 points and 488.10 points to end at 17,790.3 and 59,677.8 respectively. Nifty Bank climbed 0.62% to end at 37,753.2. BSE Mid-cap and Small-cap indices relatively outperformed broader markets and rose by 1.68% and 1.38% respectively.
Keep a close eye on these trending small-cap stocks for Friday, October 8, 2021:
Sobha – The company has announced that it has achieved the best sales volume at sustainable price realization, primarily driven by good sale numbers achieved in Bengaluru, Gurugram, Pune and GIFT city. The Kerala region has shown improved sales performance as compared to Q1FY22. Quarterly sales volume stood at 1,348,864 square feet of super built-up area valued at Rs 10.30 billion. During the quarter, the company has also launched 'Sobha Manhattan' residential project in Bengaluru and 'Sobha Arbor' residential project in Chennai with a super built-up area of 875,242 square feet and 286,689 square feet respectively.
The company has said in a filing with the exchange that, “Sobha with its presence in 10 cities, poised to enter in new locations and with a good launch pipeline is ready to play its due role in this environment. It is also expected that a continuous increase in vaccination will make the possibility of Covid third-wave less impactful. The recent India rating outlook upgrade from negative to stable by Moody reflects the same.”
Kalyan Jewellers – The company has announced that it has witnessed revenue growth of approximately 60% from their India operations during the quarter ended September 30, 2021, as compared to the same period in the previous year. Non-south markets recorded a higher same-store sales growth close to 70% compared to south markets which recorded same-store sales growth of 40%. The company’s overall same-store sales growth in India during the quarter stood at approximately 50%.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Lemon Tree Hotels, Vascon Engineers, Shanti Overseas (India), VIP Industries, Dollar Industries and Trent. Keep a close eye on these counters on Friday, October 8, 2021.
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