Trending stocks: Keep a close eye on these small-cap stocks on 13 October 2021.
The following small-cap stocks have made fresh 52-week high today – BSL Limited, Bedmutha Industries, Maharashtra Seamless, Subros, Yuken India, Pokarna Limited, Vardhman Textiles Limited, Technocraft Industries (India) and MM Forgings.
Headline indices Nifty 50 and Sensex bounced back from the red territory in the morning hours, ending higher with gains of 46 points and 148.53 points respectively after a choppy session. Consumer Durables and FMCG stocks were trending and outperformed broader markets. BSE Small-cap index gained 75.90 points i.e. 0.26% and closed at 29,582.26.
Keep a close eye on these trending small-cap stocks for Wednesday, 13 October 2021:
Westlife Development – The company’s chain of McDonald’s restaurants has recently completed 25 years of operations in India and the brand has launched a new range of indulgent gourmet burgers. Menu innovation has been a key pillar of success for the brand in India. With the new range of gourmet products, McDonald’s aims to strengthen its leadership in the burger category.
Everest Organics – The company has recently announced that it has achieved success in the development of an anti-viral APl Molnupiravir, an additional COVID -19 treatment drug. It is administered orally and works by inhibiting the replication of the coronavirus inside the body. Molnupiravir API reduces the risk of hospitalization and death by around 50% for patients with a moderate Covid-19 case. The drug is being developed at lab scale for the first-line treatment of COVID-19 in adult patients with mild to moderate symptoms.
Trigyn Technologies – The company has announced that its wholly-owned subsidiary Trigyn Technologies Inc is awarded a contract to provide staff augmentation services for the New York City Housing Authority (NYCHA). This award facilitates the continued expansion of the company’s public sector business and presence in the region. The contract has a maximum fee of USD 50 million and contains a provision at NYCHA’s discretion to increase the maximum fee to USD 125 million.
Rane (Madras) – The company’s Board of Directors have recently approved the acquisition of the Steering Components Business (SCB) of Yagachi Technologies Private Limited (YTPL) which is a part of the Hical group. The acquisition will enhance the company’s leadership position and share in the domestic passenger vehicle market as well as furnish an opportunity to enter export vehicle platforms to new geographies.
52-week High Stocks - The following small-cap stocks have made fresh 52-week high today – BSL Limited, Bedmutha Industries, Maharashtra Seamless, Subros, Yuken India, Pokarna Limited, Vardhman Textiles Limited, Technocraft Industries (India) and MM Forgings. Keep a close eye on these counters on Wednesday, 13 October 2021.
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