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

12 May 20233 mins read by Angel One
After a tumultuous trade, key equity indices closed with modest gains; metal shares underperformed.
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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.

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