These smallcap stocks should be on your watchlist for Friday, November 12!
The market continued to struggle for the third day in a row with BSE Sensex slipping by more than 400 points on Thursday. The metal stocks showed some relative strength while the broader markets continue to outperform.
Followings smallcap stocks will be in focus on Friday:
Inflame Appliances: The shares of Inflame Appliances after breaking out of key resistance areas with heavy volumes making a fresh all-time high for itself. The shares of Inflame Appliances managed to close at its day’s high and were seen locked in the upper circuit in the Thursday trading session. Inflame Appliances shares will be in focus on Friday.
Salzer Electronics: The shares of Salzer Electronics zoomed by more than 9% on November 11, also making a new 52-week high for itself. The stock has given a fresh price volume breakout and will attract good buyers owing to the strong momentum. Salzer Electronics should be on investors watchlist for the Friday trading session.
Jain Irrigation: The shares of Jain Irrigation closed in positive territory jumping higher by 1%. The stock is witnessing some buying ahead of its results on November 13. Keep a watch on this stock for Friday.
Nahar Poly Films: The share price of Nahar Poly Films soared higher by 10% on Thursday. The stock gave a price volume breakout on Thursday and was seen outperforming even as BSE Sensex tumbled by more than 400 points.
Meghmani Finechem: Meghmani Finechem Limited, a leading manufacturer of Chlor-Alkali products and its value-added Derivatives on Thursday announced its expansion plans into Chlorotoluene and its value chain. This is a first of its kind intermediate facility which will be backward integrated with the Toluene Chlorination (Ring Chlorination) plant in India. Along with this Project, MFL is also announcing an investment in setting up a world-class Research and Development centre. Meghmani Finechem will be in focus on Thursday.
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