Trending stocks: Keep a close eye on these small-cap stocks for 16 December 2021
The following small-cap stocks have made fresh 52-week high today – Anik Industries, Patel Engineering, Satin Creditcare Network, Compuage Infocom, Fine Organic Industries and Precision Camshafts.
Frontline equity indices Sensex and Nifty 50 ended the session in the red territory, down by ~0.57% each. Nifty Bank index fell by 104.40 points i.e., 0.28%. Nifty Small-cap index fell by 0.39% i.e. 44.15 points.
Keep a close eye on these trending small-cap stocks for Thursday, 16 December 2021:
GRM Overseas – The company has announced that it has expanded its Direct-to-Consumer (D2C) product offerings in its subsidiary GRM Foodkraft Private Limited (GFK) by adding ‘Ready-to-Cook Biryani Kit’ under its growing 10X brand portfolio. The 10X Biryani Kit is yet another product offered pan India through general and modern trade by the company, thereby strengthening its retail outreach.
To quote Atul Garg, Managing Director, GRM Overseas, from a filing with the exchange, “GRM’s recent strategic investment in ToBox Ventures Private Limited (GoKhana), a Food Tech firm, will help leverage its network to market the Biryani Kit and GFK’s other high-quality D2C products directly to GoKhana’s corporate catering partners and their customers. With more high margin products likely to be introduced in coming quarters, GRM is well-positioned to enter into a new era of growth and to create maximum value for all our stakeholders.”
Aptus Value Housing Finance- The company has informed the exchange that it has seen a rating upgrade for its long-term instruments from ICRA A+ Stable to ICRA AA-Stable. The rationale behind the rating action factors is the company’s strengthened capital profile and track record of maintaining a healthy profitability and asset quality.
The infusion of fresh equity through the IPO proceeds has strengthened their net worth that will support their portfolio growth over the medium term. Though there was a drop in collection efficiencies in the months of April and May 2021 due to the pandemic, both disbursements and collection efficiencies of the company have reached pre-covid levels.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Anik Industries, Patel Engineering, Satin Creditcare Network, Compuage Infocom, Fine Organic Industries and Precision Camshafts.
Keep a close eye on these counters on Thursday, 16 December 2021.
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