These smallcap stocks will be in focus on Wednesday, November 10!
The frontline indices slipped into the red on Tuesday however the volumes remained low. The broader markets outperformed on Tuesday with the BSE Midcap index gaining by 0.82% and the Smallcap index gaining by 0.71% on Tuesday.
Godrej Industries was the top BSE Midcap index gainer on Tuesday, up by more than 7% followed by Motilal Ostwal, gaining nearly 6%.
Auto stocks remained in limelight on Tuesday as almost all the auto index constituents closed in green.
Following small cap stocks will be in focus on Wednesday, November 10
Bullish Engulfing Pattern: Esab India, Mercury Laboratories, KG Petrochem, Priya, Expleo Solutions and Deep Polymers saw a bullish engulfing candlestick pattern formed on Tuesday. These small stocks will be viewed with a bullish perspective on Wednesday.
White Marubozu Candlestick: Ansal Buildwell, Rushil Décor, Syncom Formulation, Lakshmi Electrical Control Systems, Ircon Engineers and Sofcom Systems are the smallcap stocks that saw a white Marubozu candlestick pattern forming on Tuesday. The White Marubozu candlestick pattern indicates a positive closing. These shares will be in focus on Wednesday.
52 Week High: India Glycols, Aptech, DCM, DCM Nouvelle, BSL, Jindal Poly Investments, Tata Tele and TARC Ltd are some of the outperforming small caps that made a fresh 52-week high in Tuesday's trading session. These stocks will be in focus on Wednesday.
Volume shockers: The shares of Hypersoft Technologies gained by 5% with a spurt in the volume by 3100.50 times. Deep Diamonds soared by 4.98% and volume jumped by 1200 times on Tuesday. Polycon International shares jumped by 4.69% in Tuesday's trading session while the volume was seen 500.07 times the average daily volume. These volume gainers will be in focus on Wednesday.
*The results to watch tomorrow - Affle India, Bank of Baroda, CRISIL, Equitas Holding, India Cements, Oil India.
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Tanushree Jaiswal
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