Trending stocks: Keep a close eye on these small-cap stocks for 27 October 2021

Trending stocks: Keep a close eye on these small-cap stocks for 27 October 2021

by 5paisa Research Team Last Updated: 2022-04-04T15:21:56+05:30

The following smallcap stocks have made fresh 52-week high today – Indo Thai Securities, Jindal Worldwide, Jindal Poly Investment and Finance, Jindal Stainless, Man Infraconstruction and Prime Securities.

Frontline indices Nifty 50 and Sensex ended at 18,268.4 and 61,350.2 respectively in the green territory soaring 143 points and 383.21 points respectively. Metal, realty and auto stocks were buzzing in today’s session. BSE Smallcap index gained 612.72 points i.e. 2.20%.

Keep a close eye on these trending small-cap stocks for Wednesday, 27 October 2021:

Greaves Cotton – The company announced Q2FY22 results with revenue growth at 13% at Rs 374 crore as against Rs 330 crore in Q2FY21. Normalized EBIDTA (without one-time costs) stood at Rs 3 crore in Q2FY22. Revenue grew by 63% compared to Q1FY22.

Greaves E-mobility business recorded higher sales in Q2FY22 relative to Q2FY21, with 111% revenue growth. As a result of this progress, the company now has over 100,000 EV consumers and growing month-over-month across India and is one of the fast-growing EV brands in the country. Moreover, October witnessed the highest sales numbers for Greaves Electric Mobility standing at 5,000 units as of 25 October 2021 and exceeding 500 retails in one day.

The company has strengthened its portfolio with the recent acquisition (subscribed to a 26% stake) of MLR Auto, adding L5 cargo units and electric auto in the product range. In addition, Greaves Electric Mobility announced a 26% balance acquisition of Bestway Agencies Pvt. Ltd. (BAPL), which sells E-Rickshaws under the popular ELE brand.

Jindal Stainless – The company has announced Q2FY22 results. An overall healthy demand environment during the quarter helped to pull up sales volume by 8% over Q1FY22. The average LME prices of Nickel and Ferro-chrome in Q2FY22 climbed by 10% and 21% respectively over Q1FY22, which had a positive impact on inventory valuation. Improved volume mix also led to a 23% increase in EBITDA in Q2FY22 over the sequential quarter. On a standalone basis, the company’s EBITDA and profit after tax (PAT) stood at Rs 711 crore and Rs 363 crore respectively.

52-week high stocks - The following smallcap stocks have made fresh 52-week high today – Indo Thai Securities, Jindal Worldwide, Jindal Poly Investment and Finance, Jindal Stainless, Man Infraconstruction and Prime Securities. Keep a close eye on these counters on Wednesday, 27 October 2021.


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