Trending stocks: Keep a close eye on these smallcap stocks for 17 November

The Nifty Smallcap 100 index climbed 0.5% to end at 11,205.35.

Indian equity markets saw a correction on Tuesday as frontline indices Nifty and Sensex closed the session with losses of 0.61% and 0.65% respectively. The Nifty Smallcap 100 index climbed 0.5% to end at 11,205.35.

Keep a close eye on these trending smallcap stocks for Wednesday, 17 November 2021: 

Lumax Industries – The company recently announced its unaudited financial results for the quarter and half year ended September 30, 2021. Consolidated revenue for Q2FY22 stood at Rs 453 crore, exhibiting a growth of 14% on a YoY basis, better than industry growth. EBITDA margins came in at 9.1% for Q2FY22. Profit After Tax (PAT) margin after the share of associate stood at 3.4% for Q2FY22 relative to 1.8% in Q2FY21.

The share of LED lighting stands at 34% of the company’s total revenues, while conventional lighting stands at 66%, for H1 FY22. The product mix for H1FY22 as a percentage of total revenue stood at 64% for front lighting, 26% for rear lighting and 10% for others. The segment mix for H1FY22 as a percentage of total revenues stood at 64% for passenger vehicles, 29% for two-wheelers and 7% for commercial vehicles.

The company has also received a Letter of Intent (LOI) for the first maker layout for the HVAC panel from one of the OEM’s, the SOP of which is expected in FY24. They have also added two new customers to its portfolio namely Matter Motors on EV platform (SOP FY23) and PSA (SOP FY24).

BCPL Railway Infrastructure – The company has announced that it has successfully bagged an order from Central Organization for Railway Electrification, Prayagraj, Uttar Pradesh, India. This order has been received for the work of “Design, Supply, Erection, Testing & Commissioning of 25 kV, 50 Hz, Single Phase, AC, Electrification Works including OHE Electrical Work" in Hospet (Excl.) - Swamihalli (incl.) Section, Gr.300 of Hubballi Division of South Western Railway under RE Project Bangaluru. The total project cost comprises Rs 18 crore.

52-week High Stocks - The following smallcap stocks have made a fresh 52-week high today – Acrysil Limited, Olectra Greentech, Jindal Poly Investment and Finance Company, Sigachi Industries, Goldstone Technologies and Art Nirman. Keep a close eye on these counters on Wednesday, 17 November 2021.