Trending stocks: Keep a close eye on these small-cap stocks for 17 December 2021
The following small-cap stocks have made fresh 52-week high today – Sarla Performance Fibers, Allsec Technologies, Servotech Power Systems and Tata Teleservices (Maharashtra)
Indian equity markets broke their losing streaking and closed in the green on Thursday. Sensex and Nifty 50 indices gained 0.20% and 0.16%, ending the session at 57,901.1 and 17,248.4 respectively. Nifty Small-cap 100 index fell by 0.83% and closed at 11,125.70.
Keep a close eye on these trending small-cap stocks for Friday, 17 December 2021:
Jindal Stainless – The company has announced that it has launched India’s first hot rolled stainless steel chequered sheet with the brand name ‘Jindal Infinity’ at the International Railway Equipment Exhibition 2021 organized by CII. This is the company’s second foray in the branded category after the launch of ‘Jindal Saathi’, the co-branded stainless-steel pipes and tubes products.
With this launch the company aims to capture a 20% market share over the next three years, amounting to an additional business potential of Rs 500 crore. According to industry estimates, the current size of chequered sheet market in India is 2,00,000 tons annually and is growing at an annual rate of 8%.
To quote an excerpt from a filing with the exchange, “In a growing economy like India, undergoing rapid urbanization and large-scale infrastructure development, the growth potential of stainless-steel Chequered Sheets is immense. With applications ranging from the flooring of factories and plants, automobile (bus and trucks) steps and floors, railway track bridges, architectural stairs and flooring etc, Infinity is expected to both create a market for itself and replace alternate materials in this segment.”
Galaxy Surfactants – The company has announced that it has been awarded the ESG Summit and Awards 2021 under the category of ‘Best ESG Initiative to Improve to Access to Clean Water.’ The Summit was organized by Transformance Forums with the purpose to help ESG stakeholders develop their ESG vision, strategy, and reporting.
Recently, as a part of its initiative ‘Samajeek Uthaan’ developed to serve the community, the company de-silted percolation tanks in eight villages of Nanded District in Maharashtra. Through this project, it aims to help the villages get year-long access to clean water.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Sarla Performance Fibers, Allsec Technologies, Servotech Power Systems and Tata Teleservices (Maharashtra).
Keep a close eye on these counters on Friday, 17 December 2021.
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