Trending stocks: Keep a close eye on these small-cap stocks for 8 December 2021
The following small-cap stocks have made fresh 52-week high today – Crest Ventures, DCM Limited, Prataap Snacks, Digjam Limited, Goldstone Technologies and Foods & Inns Limited.
Frontline benchmark indices Sensex and Nifty ended Tuesday’s session at 57,633.65 and 17,176.70 respectively, with gains of 1.56% each. Nifty Bank index outperformed broader markets by surging 2.47% to end at 36,618.40. Nifty Small-cap 100 index inched up by 117.20 points i.e. 1.09%, to close at 10,826.50.
Keep a close eye on these trending small-cap stocks for Wednesday, 8 December 2021:
Aurionpro Solutions - The company has announced yet another significant win as it has been selected by the State Bank of India as the solution provider for the Kanpur Metro Project (KMP) under Uttar Pradesh Metro Rail Corporation Limited (UPMRCL) for the implementation of NCMC based Automatic Fare Collection System (AFC System). The scope of the project includes the implementation of the AFC System followed by the maintenance and support for 10 years post going live. The project is valued (inclusive of taxes) close to Rs 140 crore.
To quote Sanjay Bali, EVP, Head- Aurionpro Solutions Limited, from a filing with the exchange, “This is another significant win in the smart transit space which clearly underscores our growing position in the market. Further, this also signifies the importance of the strategic acquisition of Toshi Automatic Systems Pvt. Ltd (TASPL) which helps us consolidate our position further as the only integrated player in the AFC segment having ‘Make in India’ capability.”
Saboo Sodium Chloro - The company has recently informed the bourses that its FMCG division is formally launching two new products - Double Tota Tea and Aayush Detergent. The company’s FMCG division has been engaged in extensive product trials over the past 12 months. After analyzing market feedback, the division has decided to launch the above tea and detergent offerings. The products will be launched on a capital-lean basis with outsourced production to high-quality manufacturers.
The company will only focus on branding, and distribution leveraging the existing infrastructure of its 30-year strong consumer salt business and expects an addition of up to Rs 50 crore per year by FY23 to its FMCG topline from the new offerings. Marketing and initial distribution will commence this quarter.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – Crest Ventures, DCM Limited, Prataap Snacks, Digjam Limited, Goldstone Technologies and Foods & Inns Limited. Keep a close eye on these counters on Wednesday, 8 December 2021.
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