Stocks to watch: These small-cap stocks will be in focus on Friday!
All the sectoral indices on the NSE were in the red with auto, PSU bank and consumer durables stocks falling the most.
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The Indian benchmark indices ended with deep cuts on Thursday. Domestic sentiment was dented amid negative global cues.
The following Small-Cap stocks are likely to be in focus on Friday, November 11, 2022:
LT Foods: LT Foods to enter into a Strategic Partnership with Saudi Agricultural and Livestock Investment Company (SALIC). SALIC to hold 9.22 per cent equity stake in LT Foods through a primary and secondary investment of Rs 455.5 crore.
PSP Projects: The company declared that it received a Letter of Intent (LOI) for civil construction work for expansion of existing plant from a repeat client worth Rs 200 crores (excluding GST) in Industrial Category. With receipt of the above orders, the total order inflow for the financial year 2022-23 till date amounts to INR 1,711.58 crores.
Axiscades Technologies: The Company approved to acquire 100 per cent shareholding in add solution GMBH for a total purchase consideration of not less than Rs 35 crores and not more than Rs 44 crores, based on performance, in a phased manner. The shares of Axiscades technologies soared by 5 per cent, locking in the upper circuit and recording a new 52-week high closing at 367.75 per share.
RattanIndia Enterprises: The company has announced that it has acquired 100 per cent stake of ‘Neobrands Limited’ consequent to which, it has become a wholly owned subsidiary company of REL. Neobrands intends to start wholesale and retail business on online E-commerce platforms inter-alia including creating private label businesses and export of goods from India.
52-week high stocks: Craftsman Automation, Gujarat Themis Biosyn. Narayana Hrudayalaya, Rainbow Children's Medicare, RPG LIFE SCIENCES.
Keep an eye out for the above-listed small-cap stocks on November 11, 2022.