These are the smallcap stocks to watch out for on Wednesday, November 3!

These are the smallcap stocks to watch out for on Wednesday, November 3!

by 5paisa Research Team Last Updated: 2021-11-02T17:10:40+05:30

The Tuesday trading session belongs to logistics shares with All Cargo Logistics leading the way, soaring by 20% and locking in the upper circuit. The trending stocks of the day were Tube Investments of India and CG Power which saw heavy buying in the counter.

On a day when the BSE Sensex slipped by more than 100 points, we saw the BSE Smallcap index gain by more than 1% and BSE Real Estate index gain by more than 3%.

Following smallcap stocks will be in focus on Wednesday:

Inflame Appliances: The multibagger stock, Inflame Appliances was locked in the upper circuit on Tuesday. The stock is now up and locked in the upper circuit for two continuous sessions after the lot size has been reduced to 500 from 2000. The company has announced on bourses that it has achieved its highest production in September and October 2021. The company is well on track to achieve its expansion target and is expected to grow at an above-average rate owing to increasing demand. The shares of Inflame Appliances will be in focus on Wednesday.

Price Volume Breakout: The shares of Econo Trade, Aarti Surfactants, Sadhana Nitro Chem, Share India Securities, RBL Bank, Shrenik Limited, Dangee Dums, Purvankara, Captain Pipes, Manaksia Steel, Archidply Industries and GATI ltd witnessed a price volume breakout in the Tuesday trading session. These shares will be in focus on Wednesday.

Bullish Engulfing pattern: The shares of Jindal Capital, Bharat Gears, Total Transport Systems, Nikhil Adhesives, Anik Industries, Byke Hospitality, S S Organics, Saregama India, Ansal Properties, Aditya Vision, Selan Exploration and KPI Global Infrastructure saw a formation of the bullish engulfing pattern. These stocks will be in focus on Wednesday.


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