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Top 5 Small-Cap Stocks To Watch Out For Tomorrow, May 16, 2023

16 May 20233 mins read by Angel One
Monday's market rally was fueled by strong signals from Asian and European markets.
Top 5 Small-Cap Stocks To Watch Out For Tomorrow, May 16, 2023
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As wholesale inflation figures in India continued to fall, practically all sectoral indices on the NSE finished in the green. There was a lot of interest in real estate stocks. Intraday, the Nifty 50 index momentarily touched the 18,400 mark. However, profit-taking in the closing hour caused it to close below the 18,400 level. The S&P BSE Sensex rose 317.81 points, or 0.51%, to 62,345.71. The Nifty 50 index increased by 84.05 points, or 0.46%, to 18,398.85.

Keep a close eye on these trending stocks on Tuesday, 16, May 2023:

  1. Repro India: On the basis of strong Q4 earnings, shares of Repro India surged in early sessions on Monday, reaching the 20% upper circuit. On the National Stock Exchange (NSE), its shares were trading at Rs 499.30 each. Ashish Kacholia, a well-known investor, owns 4,60,528 shares in the company, or 3.62% of it. As of Monday, his holdings were valued at more than 22.99 crores.
  2. Neuland Laboratories: Today, the shares of Neuland Laboratories Limited set a new 52-week high of Rs 3040.35 per share. It will pay a dividend of Rs 10.00 on August 26th, an increase from previous dividend of Rs 5 for the same period previous year. Investors are delighted to see that the stock price of Neuland Laboratories has climbed by 82% in the last three months, which is beneficial for shareholders and may explain the fall in dividend yield.
  3. Zensar Technologies: Zensar Technologies Ltd’s stock rose 5% in Monday trading, extending its three-day winning streak to 17%. The management of the company stated that the IT firm’s cash is at 22% of market capitalisation and free cash flow (FCF) yield at 10% support values. Zensar Technologies’ share price has risen to 12.94% today.
  4. Magellanic Cloud: In today’s trading session, Megellanic Cloud shares rocketed to a new 52-week high of Rs 205 per share. Small-cap IT stocks have been the standout performers over the last six months, generating strong returns to investors. During the same time span, these equities outperformed their larger rivals significantly.
  5. Great Eastern Shipping Company: The shares of Great Eastern Shipping Company spiked 6.74% following the company’s consolidated net profit which grew 282.04% to Rs 721.94 crore. The net sales also grew 58.92% to Rs 1455.98 crore in Q4 March 2023 as compared to Q4 March 2022.

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

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