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Fri Sep 22 2023 15:58:38
  1. Tata Steel share price
  2. 126.7 -0.86%
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  1. Tata Motors share price
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Business News/ Markets / Stocks to watch: These small-cap stocks will be in focus for tomorrow!

Sensex ends 340 pts higher at 65,786, whereas the Nifty closes at 19,497. On NSE sectoral front, media, private banks, and PSU Banks advanced the most. Meanwhile, S&P BSE Smallcap index gained only 219 points to end at 33,224 and the Midcap at 29,222 level with a gain of 227 points. The Top Gainers of the index include Mahindra & Mahindra, Apollo Hospital, Power grid corporation of India, Tata Motors, and Reliance Industries.

The following Small-Cap stocks are likely to be in focus on Friday, July 07, 2023:

CEAT: Shares of CEAT rose sharply to touch their one-year high levels in Thursday's trade. The stock jumped 19.40 per cent to hit a 52-week high of 2,498.10 over its previous close of 2,092.30. Turnover on the counter came at 31.15 crore, commanding a market capitalisation (m-cap) of 9,882.77 crore. The scrip has gained 28.48 per cent in the past one month and 49.45 per cent on a year-to-date (YTD) basis. Today's jump can be related to the new automobile launches in the premium segment, a person, familiar with the development, said. "Tyre stocks rose today. CEAT got the maximum push as the counter touched its 52-week high. JK Tyre shares also hit one-year high.

Zee Media Corporation: During a meeting held on July 5, 2023, the company's board of directors noted that Zee Media has the option to convert each warrant into one fully paid-up equity share of the company, priced at Rs. 12.20 per share. The total value of the warrants is Rs. 164,70,00,000. However, the payment of 75% of the warrant issue size, which is the warrant exercise price, was supposed to be made by July 5, 2023. As a result the shares of Zee Media soared by nearly 5 per cent to closed the day at 191.15 per share today.

Summit securities: The shares of Summit securities saw a spurt in the volume by 17.35 times as a result the stock reached a new 52-week high of 880 per share. The shares of Summit securities jumped by 17.14 per cent to end the day at 859.65 per piece. In the past 5 trading session the stock has gained 21.37 per cent, whereas on the yearly basis the stock delivered 56.91 per cent.

Puravankara: Puravankara Ltd experienced the highest-ever sale value of 1,126 crore ($152m) in Q1 of the current fiscal year, marking a 119% increase YoY. Company MD, Ashish Puravankara, commented on the remarkable achievement, attributing it to a larger market share, dedicated growth strategies, continued execution, and increased collections of 52% YoY.

ION Exchange (India): The shares of ION Exchange traded on new 52 Week High value of 469.85 per share after soaring by almost 10 per cent in today's trading session. The stock has risen by more than 67 per cent on YTD basis. Furthermore, the on the one year basis the stock has skyrocketed by 158.78 per cent.

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Updated: 06 Jul 2023, 07:56 PM IST
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