Trending stocks: Keep a close eye on these small-cap stocks for 7 January. 2021

The following small-cap stocks have made fresh 52-week high today – Panama Petrochem, Allied Digital Services, Monarch Networth Capital, BGR Energy Systems, Archidply Industries, Deep Industries, Poonawalla Fincorp, Talbros Automotive Components and Kitex Garments

On account of weak global cues, domestic frontline equity indices Sensex and Nifty 50 ended at 59,601.84 and 17,745.90, respectively down by more than 1% each. BSE Small-cap index bucked the trend, by closing on a flat note at 29.904.78.                                                                                                                 

Keep a close eye on these trending small-cap stocks for Friday, 7 January 2021:

DJ Mediaprint & Logistics – The company has informed the exchange that it has secured orders from ICICI Bank Limited for printing & dispatch services. The company is engaged in the business of logistics & courier activities and other printing activities like screen printing other than textile.

Spandana Sphoorty Financial – The company has released its Investor Presentation for Q2FY22 and provided the following updates:

• Collections have remained healthy with 97.4% collection efficiency (including arrears excluding pre-payments) in Q2FY22.

• Focus of the interim management has shifted to cash collected and deposited at HO; December cash collections stood at ~Rs 442 crore.

• The company has been very conservative in provisioning for the quarter due to the impending covid wave and recent organizational changes. It holds a higher provision buffer on the balance sheet in spite of a lower portfolio at risk.

• On a standalone basis, the company currently holds total provisions of Rs 806 crore which accounts for ~12.4% of the Q2FY22 AuM; P&L impact from incremental provisions and write-offs for H1FY22 stands at ~Rs 390 crore.

• With the current run rate of collections, repayment and opex, the company has the capacity to generate Rs 75-100 crore of incremental cash per month in the absence of fresh disbursements; providing ample cover on liquidity.

• Adequate liquidity surplus of Rs 1,369 crore as of 30 November 2021 and sanctions in the pipeline. The company also availed fresh loans from select trusted lenders to provide dry powder for fresh disbursements.

52-week high stocks - The following small-cap stocks have made fresh 52-week high today – Panama Petrochem, Allied Digital Services, Monarch Networth Capital, BGR Energy Systems, Archidply Industries, Deep Industries, Poonawalla Fincorp, Talbros Automotive Components and Kitex Garments.

Keep a close eye on these counters on Friday, 7 January 2021.