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Top 5 Interesting Small-Cap stocks to Watch out for Monday, 29th May 2023

26 May 20233 mins read by Angel One
The Indian stock market concluded on a positive note, reaching its highest level in five months.
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All major indices closed higher, with sectors such as metal, FMCG, information technology, real estate, pharma, and PSU Bank each experiencing a one percent rise. Leading the gains on the Nifty index were Reliance Industries, Sun Pharma, Divis Labs, HUL, and Hindalco Industries. On the other hand ONGC, Grasim Industries, Bajaj Auto, Bharti Airtel, and Power Grid Corp were the top losers. The metal, FMCG, information technology, real estate, pharma, and public bank sectors all finished with gains. 

Keep a close eye on these trending stocks on Monday, 29, May 2023: 

Servotech Power Systems: Following the news that the board of directors of the small-cap company Servotech Power Systems had approved the stock split in a 2:1 ratio, the company’s shares surged to the 5% upper circuit. 

Prince Pipes and Fittings: The company Prince Pipes and Fittings Ltd. increased by 4.68% to Rs 612.65 after reporting a 7 percent year-over-year increase in net profit at Rs 94.11 crore for the quarter ended in March. 

Triveni Engineering and Industries: After the firm reported a 74% increase year over year in consolidated net profit at Rs 190.31 crore for the quarter ended March 2023, the shares of Triveni Engineering and Industries traded 3.07% higher at Rs 273.25 in the morning trade on May 26. 

Praj Industries: A day after the process solutions company Praj Industries reported profit after tax (PAT) of Rs 88.12 crore in the March quarter of FY23, up 53% from the year-ago period, and net sales of Rs 86.95 crore in March 2023, up 123.98% from Rs. 38.82 crore in March 2022, the company’s shares increased by 7 % in early trade on May 26. 

Medplus Health: In the quarter ended March 2023, Medplus Health reported a quarterly net profit of Rs. 5.71 crore, reflecting a significant increase of 518.98% compared to the Rs. 0.92 crore profit recorded in March 2022. The earnings per share (EPS) for Medplus Health also saw growth, rising from Rs. 0.98 in March 2022 to Rs. 2.23 in March 2023. 

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