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Top 5 Interesting Smallcap stocks to watch out for tomorrow, May 17th, 2023

16 May 20233 mins read by Angel One
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The Nifty 50 index fell into negative territory after beginning higher at 18,432.35, trading with moderate losses for the majority of the session. Furthermore, the Nifty experienced heavy selling in the closing hour of the session, causing the index to go below the 18,300 barriers. PSU bank, IT and consumer durables stocks rose, while media, auto and financial services stocks fell. 

Vesuvius India: Vesuvius India’s shares were locked in the upper circuit and reached a new 52-week high of Rs 2,267.25 per share. In March 2023, net sales were Rs 367.91 crore, an increase of 18.02% from Rs 311.74 crore in March 2022. Quarterly Net Profit in March 2023 was Rs. 43.35 crore, up 83.45% from Rs. 23.63 crore in March 2022. 

Pearl Global Industries: Pearl Global Industries’ shares had an intraday high of Rs. 520.65 and a low of Rs. 460.05. The overall revenue was Rs 3,158.4 crore, a 16% increase year on year. PAT was Rs 153 crore, up 118% year on year. Declared an interim dividend of Rs. 5/share at the conclusion of the fiscal year, totaling Rs. 7.5 (75% of FV) for FY23. 

Repro India: According to the NSE’s bulk deal data on Monday, May 15, 2023, Madhuri Kela acquired 4,75,000 shares in the company, representing 3.73% equity. Repro India recorded a consolidated net profit of Rs 5.06 crore in Q4 March 2023, compared to a net loss of Rs 4.68 crore in Q4 March 2022. Net sales increased 29.15% year on year to Rs 121.05 crore in the fourth quarter of March 2023. 

OnMobile Global: The company, a pioneer in cutting-edge mobile gaming and entertainment, has launched Gamize, its first SaaS-based gamification platform for brands across industries, as a critical step in the transformation journey for its global business in this new fiscal year, with Banglalink as its first partner. The price climbed 12.02 percent to Rs 78.20 per share. 

Sonata Software: Today, the stock gained 8% and closed at Rs 953.65 per share. It was yet another IT stock that surged in the last six months. During this time, the company’s shares have risen from Rs 531.65 a share to their current value of Rs 874.90, representing a stunning return of 64.56%.  

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