Trending stocks: Keep a close eye on these small-cap stocks for January 3, 2021

The following small-cap stocks have made fresh a 52-week high today – Sanghvi Movers, Allsec Technologies, Kabra Extrusion Technik, Krebs Biochemicals & Industries, Servotech Power Systems, Everest Kanto Cylinder, and Tata Teleservices (Maharashtra).

Domestic equity markets ended on a positive on the last trading day of the year. Headline indices Nifty 50 and Sensex rose by 0.87% and 0.80%, ending the session at 17,354 and 58,253.82 respectively. Nifty Small-cap 100 index jumped 1.41% to close at 11,289.                                                                                                                   

Keep a close eye on these trending small-cap stocks for January 3, 2021 (Monday):

Rane Brake Linings Ltd – The company has informed the exchange that the composition of the nomination & remuneration committee (NRC) of the board of directors of the company is reconstituted with effect from January 1, 2022. The members of the reconstituted nomination & remuneration committee include S Sandilya (Chairman, Independent), Anil Kumar V Epur (Member, Independent), and Harish Lakshman (Member, Non-Independent).

Super Spinning Mills – The company has recently informed the exchange that it has got itself registered as a micro, small and medium enterprise (MSME) with the Ministry of Micro, Small & Medium Enterprises.

Nitin Spinners – The company’s board of directors in its meeting held on Friday (December 31, 2021) has approved the capacity expansion at a total project cost of Rs 950 crore. This capacity expansion will enhance and widen the company’s product portfolio thereby, enabling them to cater to the diverse requirements of customers.

To quote Dinesh Nolkha, Managing Director, Nitin Spinners, from a filing with the exchange, “The expansion will be on a brownfield basis at the existing locations with a small piece of land acquisition adjacent to the existing plant. This will result in the benefit of competitive cost advantage and economies of scale. The Indian cotton industry is well poised to take advantage of improving demand across the globe and China+1 supply chain strategy adopted by global majors.” 

52-week high stocks - The following small-cap stocks have made fresh a 52-week high today – Sanghvi Movers, Allsec Technologies, Kabra Extrusion Technik, Krebs Biochemicals & Industries, Servotech Power Systems, Everest Kanto Cylinder, and Tata Teleservices (Maharashtra).

Keep a close eye on these counters on Monday, January 3, 2021.