Trending stocks: Keep a close eye on these small-cap stocks for 4 January 2021

The following small-cap stocks have made fresh 52-week high today – Sangam (India), Salona Cotspin, Apollo Micro Systems, Rajesh Exports, Pasupati Acrylon, Global Education, Trigyn Technologies and Suryalakshmi Cotton Mills.

Bulls dominated the Indian equity markets on Monday, the first trading day of 2022. Headline indices Nifty 50 and Sensex rose 1.57 per cent and 1.60 per cent, closing the session at 17,625.70 and 59,183.22 respectively. Nifty Bank index was the star performer of the day, surging 2.65 per cent. BSE Small-cap index also ended in the green territory with gains of 1.19 per cent, closing at 29,807.95.                                                                                                                        

Keep a close eye on these trending small-cap stocks for Tuesday, 4 January 2021:

WardWizard Innovations and Mobility – The company which happens to be one of the country’s leading manufacturers of electric two-wheelers brand ‘Joy e-bike’ has announced that it has sold 3,860 units in December 2021. Observing a rapid shift towards electric two-wheelers, the company registered a growth of 548% compared to December 2020, where sales stood at 595 units.

The company has already sold 17,376 units of electric scooters and motorcycles in the first three quarters of this financial year (April- December 2021), logging the growth of 570% as compared to the same period of last financial year (April to December 2020). Third-quarter unit sales crossed 10,000 units for the first time.

Goodluck India – The company has announced its sales volume performance for the third quarter ended December 31, 2021. The company registered the highest sales volume ever of 72,273 MT (metric tons) in Q3FY22. Better availability of raw material coupled with strong growth in exports sales led to higher overall sales volume. The volume increased by 9.81% QoQ and 16.90% YoY. Contribution from value-added segments, viz – Precision Tubes, Forging and Engineering Structures increased from 49% in Q3 FY21 to 53% in Q3 FY22.

Goodluck India is a 35-year-old group promoted by IITians, as a steel processor, converting basic steel to quality engineering products. It is an ISO certified organization, engaged in manufacturing and exporting a wide range of specialized engineering structures, forgings, precision tubes, CR coils and pipes & tubes. The products are being used worldwide by end-customers like automobile manufacturers, infrastructure, engineering industries, oil & gas industries etc.

52-week high stocks - The following small-cap stocks have made fresh 52-week high today – Sangam (India), Salona Cotspin, Apollo Micro Systems, Rajesh Exports, Pasupati Acrylon, Global Education, Trigyn Technologies and Suryalakshmi Cotton Mills.

Keep a close eye on these counters on Tuesday, 4 January 2021.