Trending stocks: Keep a close eye on these small-cap stocks for 7 December 2021
The following small-cap stocks have made fresh 52-week high today - Talbros Automotive Components, Agarwal Industrial Corporation, Crest Ventures, Mindteck (India), Pansari Developers, Poonawalla Fincorp and Lyka Labs.
Markets on Monday, ended in the bear territory with headline indices Sensex and Nifty 50 falling by 949.32 points and 284.40 points respectively. Nifty IT index further underperformed broader markets, correcting by 2.70% to end at 34,879.40. Nifty Smallcap 100 index closed the session with losses of 117.70 points i.e. 1.09 per cent at 10,709.30.
Keep a close eye on these trending small-cap stocks for Tuesday, 7 December 2021:
Parag Milk Foods – The company has announced that it has received approval from the Competent Authority for sales-based incentive for mozzarella cheese products for the period 2021-27, through its application in the Product Linked Incentive (PLI) Scheme dated 15 June 2021. The approval is subject to the condition of fulfilment of all the required criteria.
Under the scheme, the maximum permissible amount of Rs 71 crore is to be spread over the next six years’ time frame. It would entail a minimum investment of Rs 29 crore to be spread over the three years' time frame from FY21-23, and capacity to be increased by 10 Metric Tons Per Day (MTPD), with a minimum 15% CAGR of sales.
BCL Industries – The company has announced in a filing with the exchange that the company has participated in a tender floated by Oil Marketing Companies (OMCs) dated 12 November 2021 and has been allocated a quantity of 3.60 crore litres of ethanol from their manufacturing unit at Bathinda for supplies to OMCs. Further, the company has also applied for an additional quantity of 0.50 crore litres. The total suppliable quantity to OMCs will be up to 4.10 crore litres for the period from 1 December 2021, to 30 November 2022.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today - Talbros Automotive Components, Agarwal Industrial Corporation, Crest Ventures, Mindteck (India), Pansari Developers, Poonawalla Fincorp and Lyka Labs.
Keep a close eye on these counters on Tuesday, 7 December 2021.
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