Top 5 Interesting Small-Cap Stocks To Watch Out For Monday, May 15, 2023

On Friday, the major equity indices ended with modest increases. Metals, oil and gas and information technology stocks all fell, while banks, cars and financials rose. According to preliminary closing statistics, the S&P BSE Sensex rose 123.38 points or 0.20%, to 62,027.90. The Nifty 50 rose 17.80 points or 0.1%, to 18,314.80.   

Keep a close eye on these trending stocks on Monday, 15, May 2023: 

Onward Technologies: In March 2023, net sales were Rs 121.37 crore, up 38.76% from Rs 87.47 crore in March 2022. Quarterly Net Profit in March 2023 was Rs. 7.24 crore, up 124.54% from Rs. 3.22 crore in March 2022. Onward Tech shares closed at 350.30 on May 11, 2023 (NSE) and have returned 33.07% in the previous 6 months and 14.27% in the last year.   

Zensar Technologies: In March 2023, net sales were Rs 477.00 crore, up 7.17% from Rs 445.10 crore in March 2022. Quarterly Net Profit in March 2023 was Rs. 151.80 crore, up 43.75% from Rs. 105.60 crore in March 2022. Zensar Tech shares finished at 310.25 on May 11, 2023 (NSE) and have returned 41.93% in the previous 6 months and 5.56% in the last year.  

Pds Limited: Techno Design, a PDS Platform firm, operates in the global fashion infrastructure. It has been revealed that Gerry Weber and Techno Design GMBH (“Techno Design”), a German group company of PDS, have formed an exclusive strategic worldwide sourcing partnership.  

Ador Welding: The trading volume of Ador Welding shares increased by 3.37 times today and the stock achieved a new 52-week high of Rs 1199.30 per share. The stock increased by approximately 95% in a year, from Rs 608 to Rs 1185 per piece. 

South Indian Bank: South Indian Bank’s net interest income increased by 3.88 percent on a quarterly basis, rising from Rs 825.15 crore to Rs 857.18 crore. The bank also announced a net profit of Rs 775.09 crore for the fiscal year under review, the biggest in its history. In comparison to the previous year, net profit increased by 1623.11 percent.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations.