Overnight Digest: These small-cap stocks will be in focus on Thursday
DSIJ IntelligenceCategories: Mindshare, Trending
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.
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.