The BSE Smallcap Index rose 0.67 percent to close at 28,250.81.
Key stock barometers continued to trade with minor losses on Wednesday. The barometer index, S&P BSE Sensex, fell 45 points or 0.08 percent to the 58,985.52 mark. The Nifty 50 Index also fell 12 points or 0.07 percent to the 17,565.25 level.
The BSE Smallcap Index rose 0.67 percent to close at 28,250.81. the main winners The index includes Medicamen Biotech, SVP Global Textiles, Shivalik Rasayan, IndoStar Capital Finance and Kingfa Science & Technology. the the best losers The index comprises Sadbhav Engineering, Brightcom Group, Aptus Value Housing Finance India, Future Consumer and Vidhi Specialty Food Ingredients Limited.
Monitoring small cap Stocks are likely to be in focus on Thursday, August 25, 2022:
Boyotech Physician: the Medicines biotech shares jumped 20 percent and were locked in the upper loop. The shares hit a new 52-week high of Rs 1,073.80 per share on Wednesday. Medicines Biotech shares rose nearly 46 percent in just four trading sessions. Medicamen Biotech Ltd produces and sells pharmaceutical formulations in both the domestic and international markets. Produces and supplies a variety of products including pills, capsules, liquid and dry syrup, ointments and syrups.
Digital Landscape: Paisalo uses artificial intelligence and machine learning to provide easy and smart loans to microfinance companies. The risk rating agency, Infomerics Valuation & Rating, reported on the reaffirmation of the AA- rating (IVR double A minus) for Paisalo digital’s non-convertible debentures. Paisalo Digital’s shares have risen more than 26 percent in a one-month period.
Artson Engineering: the The company announced that it received an order worth Rs 61.77 crore from Tata Projects. The order is for the manufacture and supply of structures for TSL IOP for the Noamundi Project, to be completed in ten months. Shares of Artson Engineering were locked in the upper circuit at Rs84.85 per share.
52-week maximum shares: Elgi Equipments, Asahi India Glass, Deepak Fertilizers & Petrochemicals Corporation, Great Eastern Shipping Company, Jyothy Labs, Lakshmi Machine Works, and Uflex.
Keep an eye out for the aforementioned small cap stocks on August 25, 2022.