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Top 5 Small-Cap Stocks To Watch Out For Tomorrow, June 2, 2023

01 June 20233 mins read by Angel One
Due to market selling in the last hours, the benchmark indexes in India decreased.
Top 5 Small-Cap Stocks To Watch Out For Tomorrow, June 2, 2023
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The major Indian indices BSE Sensex and NSE Nifty finished lower on June 01 for the second session in a row. The Sensex closed at 62,428.54, down 194 points, while the Nifty down 47 points, or 0.25%, to close at 18,487.75. 

Keep a close eye on these trending stocks on Friday, 02, June 2023:  

Kaushalya Infrastructure Development Corp: Following the release of the March quarter earnings, the stock has hit its upper circuit of 20% upper circuit for two straight sessions. Today’s stock price per share was Rs 5.76. The company’s consolidated net profit was Rs 15.17 crore as opposed to Rs 1.91 crore the year before. 

VST Tillers: After the company announced its monthly sales numbers on June 1, the price of VST Tillers Tractors’ stock increased by 3%. On the BSE, the stock ended the day at Rs 2,788.95, down 0.23 percent. In May 2023, 3,756 power tillers and tractors were sold in total, up from 3,628 in May 2022. Sales of power tillers climbed from Rs 3,037 crores a year earlier to Rs 3,319 crores. 

Welspun Corp: The Street applauded the company’s guidance for FY24, which helped Welspun Corporation’s shares rise for the second straight session today. These two sessions have seen a 9% increase in the stock price. Welspun Corp hopes to achieve a topline of Rs 15,000 crore for the fiscal year 2024, which would mark a significant growth of almost 50%.  

E.I.D.-Parry (India): In today’s trading session shares of EID Parry (India) increased by almost 4%, helped by the firm’s optimistic outlook for future fiscal years. Concerns about the reduction in the company’s fourth quarter net profit were also allayed by the management’s robust growth outlook.  

Olectra Greentech: Since February, an increase of electric bus order wins have driven Olectra Greentech’s stock upward. The stock has risen to Rs 780 level in the last three months from its 52-week low of Rs 374. On June 1, the stock on the National Stock Exchange reached a new 52-week high of Rs 786, up 4% from the previous closing and continuing its upward trend for a third straight day. 


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