Overnight Digest: These small-cap stocks will be in focus on Thursday
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D P Wires , Vardhman Acrylic , Airo Lam , Shivalik Bimetal and GNA Axles all gained by more than 10 per cent with spike in volume and also trading at fresh 52 week highs.
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The benchmark indices were seen making life highs even as SBI traded higher by nearly 3 per cent to make new life highs. While the large caps continued its outperformance on Wednesday the broader markets underperformed.
Several small-caps were seen making moves on Wednesday and can be tracked for outperformance on Thursday.
Following small-caps may show higher volatility on Thursday:
52-week Highs : D P Wires , Vardhman Acrylic , Airo Lam , Shivalik Bimetal and GNA Axles all gained by more than 10 per cent with spike in volume and also trading at fresh 52 week highs.
Breakout small-cap stock : Ester Industries was seen giving a breakout on charts with heavy volumes on Wednesday. The share prices after consolidation gave a fresh breakout on Wednesday. The stock can be looked at positively on Thursday trading session.
Price Volume Shocker: Maheswari Logistics and Tata Coffee surged with heavy volumes. Both these stocks should be watched with optimism on Thursday.
Positive Results : Tata Steel BSL reported positive earnings on Wednesday and the stock may trade with optimism in coming sessions.