Top three interesting small-cap stocks to watch out for on June 30!

In a historic turn of events, the Indian domestic markets achieved a momentous feat as the key benchmark indices, Nifty and Sensex, soared to record-breaking levels of 19,000 and 64,000, respectively, on an intraday basis. The rally was primarily spearheaded by industry giants Reliance Industries and HDFC Bank, which collectively contributed a staggering 44 points. 

With a strong showing from various sectors, except for Nifty Media, the markets exhibited remarkable performance, particularly in Nifty Pharma, Nifty Metal, and Nifty Energy, each experiencing over a 1% surge. The broader market indices, Nifty Midcap and Smallcap, also witnessed substantial gains of 0.75% and 0.40%, respectively. This article delves into the specifics of the trading day and highlights three small-cap stocks to keep a close eye on for Friday, June 30, 2023. 

Hemisphere Properties India: Amidst the soaring markets, Hemisphere Properties India emerged as a standout stock, skyrocketing by over 6% on Wednesday. What makes this surge particularly fascinating is the extraordinary trading volume, marking the stock’s highest single-day volume since June 2, 2023. An intriguing aspect is that more than 60% of the total volume activity occurred within the last 75 minutes of the trading day, coinciding with a substantial rise in its price. Such exceptional activity demands attention, warranting a watchful eye on this stock as it unfolds further.  

Radhika Jeweltech: Another noteworthy stock which witnessed action on Wednesday was Radhika Jeweltech, as it jumped nearly 7%. This impressive rise was buoyed by the crucial short-term moving average of the 20-day moving average (20-DMA). Additionally, the stock recorded its highest single-day trading volume in the last seven trading sessions. Notably, throughout the day, the stock exhibited a consistent pattern of forming higher highs and higher lows, further affirming its positive momentum. Furthermore, within the last 75 minutes of trading, substantial price and volume activity was observed. These compelling factors make Radhika Jeweltech a stock to watch closely, as it continues its intriguing trajectory.  

Rupa & Company: Joining the ranks of notable performers, Rupa & Company experienced a gain of over 1% on Wednesday. What makes this stock particularly intriguing is its highest single-day trading volume in the past six trading sessions. More fascinatingly, a significant proportion of the volume activity occurred within the last 75 minutes of trading. This late surge in both price and volume indicates the potential for further market activity surrounding Rupa & Company. Therefore, it is advisable to keep a keen eye on this stock in the coming days.  

Investors and traders should keep a keen eye on these small-cap stocks for potential opportunities and further market movements.