Three smallcap stocks to watch out for on 11 February 2022

The headline indices Nifty 50 and Sensex dipped by 1.53%, where the Sensex was at 58,025.01, down by 901.02 points and the Nifty was at 17,336.70, down by 269.15 points.

 On Friday morning, the headline indices Nifty 50 and Sensex dipped by 1.53%, where the Sensex was at 58,025.01, down by 901.02 points and the Nifty was at 17,336.70, down by 269.15 points.

The BSE Smallcap index was at 28,900.78, down by 1.18%. The top gainers of this index are Schneider Electric Infrastructure, RHI Magnesita, JISL, Quess Corp, and Stove Kraft. Each of these stocks was up by more than 8%. Whereas the top losers consisted of Solara Active Pharma Sciences, Kriti Industries, GE Power India, Welspun Corporation, and Tata Teleservices (Maharashtra).

The Nifty Smallcap 100 index was trading at 10,816.15 down by 1.25%. The top five gainers of the index were Quess Corp, Aegis Logistics, VIP Industries, FDC Ltd, Alok Industries, and BEML. On the flip side, the top five losers dragging the index were Trident, Birlasoft, Cochin Shipyard, Route Mobile, and Cyient.

The following smallcap stocks recorded a fresh 52-week in today's session: RHI Magnesita, Hindalco, Mahindra LifeSpace Developers, Omaxe, and DB Realty.

The following smallcap stocks were the top gainers with high volume today: PB Fintech, Schneider Electric Infrastructure, Banas Finance, Hittco Precision Tools, Tuni Textile Mills, and Forbes Gokak.

Here are three smallcap stocks that should be on investors’ radar on 11 February 2022:

Strides Pharma Sciences Limited- The Board of Directors of Strides Pharma Science Limited have considered and approved an updated scheme of amalgamation for the merger of Vivimed Life Sciences Private Limited (“VLSPL”), a wholly-owned subsidiary, with the Company, under Sections 230 to 232 of the Companies Act, 2013 (“Scheme”).

Subex Limited – Subex has announced a partnership with Ethio Telecom, the leading telecom operator in Ethiopia, to provide its Business Assurance solution on its Enterprise AI platform, HyperSense. Through this engagement, Ethio telecom will expand its Revenue Assurance practice into Business Assurance using the solution’s easy-to-use control building framework and enhance decision making through the platform’s ability to operationalize AI at scale.

Dilip Buildcon Limited: The company has received LOA for a new EPC Project “Construction of Tunnels T14, T15 and T16” in district Bilaspur of Himachal Pradesh. The stock was at Rs 345.90 down by 1.10% on the BSE.

Also read: Top trending stock: Rajesh exports