Trending stocks: Keep a close eye on these small-cap stocks for 5 January 2021
The following small-cap stocks have made fresh 52-week high today – Triveni Engineering & Industries, Talbros Automotive Components, Revathi Equipment, DCM Shriram Industries, Aaron Industries and Delta Manufacturing.
Indian equity markets continued to their upward trajectory on Tuesday. Frontline indices Sensex and Nifty 50 closed in the green territory recording gains of 1.02% and 1.14% respectively. BSE Small-cap index rose by 0.39%, ending the session at 29,925.67.
Keep a close eye on these trending small-cap stocks for Wednesday, 5 January 2021:
Monte Carlo Fashions – The company has given a business update for the quarter ended 31 December 2021. The company witnessed a rising trend in sales that was quite visible since the Q2FY22 continues to gain further momentum in Q3FY22 as they recorded the best ever year to date sales on the back of bone-chilling winters, revenge shopping and an encouraging festive and wedding season.
To quote an excerpt from the company’s filing with the exchange, “We are happy to share that the company has surpassed its earlier guidance of 25% growth in sales. There is an increase in YTD sales by approx. 35% and 15% as compared to YTD FY20 and FY19, respectively. The growth in sales is contributed by both volume growth and calibrated price increase. As you are aware that Q3 is the most critical quarter for the company due to its strong positioning in the winter wear segment, the strong performance of third quarter will be the key contributor for the annual sales and profitability of the company.”
S P Apparels - The company has informed the exchange in regards to the formation of a wholly-owned subsidiary company named "S.P.Retail Ventures Limited" and moving their retail business to it. Hiving off retail operations into M/s. S.P.Retail Ventures Limited has been completed by executing a slump sale agreement between M/s. S.P.Apparels Limited and M/s. S.P.Retail Ventures Limited at the value of Rs 53.50 crore.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Triveni Engineering & Industries, Talbros Automotive Components, Revathi Equipment, DCM Shriram Industries, Aaron Industries and Delta Manufacturing.
Keep a close eye on these counters on Wednesday, 5 January 2021.
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