Trending stocks: Keep a close eye on these small-cap stocks for 22 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 22 October 2021

by 5paisa Research Team Last Updated: Dec 13, 2022 - 02:03 pm 48.8k Views
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The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital.

Frontline indices Nifty 50 and Sensex fell by more than 0.50% on Thursday to end at 18,178.1 and 60,923.5 respectively. Metal and IT stocks further underperformed broader markets. BSE Small-cap index corrected by 0.69% i.e. 198.60 points.

Keep a close eye on these trending small-cap stocks for Friday, 22 October 2021:

KPIT Technologies – The company along with ZF Group, a global technology company supplying systems for passenger cars, commercial vehicles and industrial technology has announced that they will cooperate for joint development for an industry-leading middleware solution for the mobility ecosystem.

Built with the software expertise of KPIT paired with ZF’s strong understanding of vehicle systems, a mature, modular middleware solution that can be deployed across OEMs represents a transformative opportunity for the mobility ecosystem. This cooperation will also bring onboard solutions from other technology companies, including semiconductor specialists, software companies, cloud services and start-ups.

The middleware development will draw upon KPIT’s experience in several production programs and its strengths in cloud-based connected services. It will use KPIT’s existing assets, tools and accelerators and other core infrastructure.

Rajratan Global Wire – The company has recently released its Q2FY22 results and has furnished business updates. During the quarter the company successfully strengthened its TPM commitment to address JIPM standards and shop floor safety measures. It has introduced an incentive scheme to enhance 5S discipline compliance. The company has also strengthened its quality assurance and quality control review phenomenon. It has also tightened conversion cost and general administrative expense controls.

The business outlook for H2FY22 is as follows.

The company expects tyre and bead wire demand to sustain into the second half of FY2021-22. They expect to be allotted land in Sipcot Industrial Park for their proposed third plant. They expect wire rod costs to increase following an increase in pet coke prices.

52-week High Stocks - The following small-cap stocks have made fresh 52-week high today –IRB Infrastructure Developers, Jindal Worldwide, Rail Vikas Nigam, Confidence Petroleum India, Thangamayil Jewellery and Ugro Capital. Keep a close eye on these counters on Friday, 22 October 2021.

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