The major market benchmarks closed close to the day’s bottom after a choppy session. FMCG and PSU bank stocks increased while shares of the media, consumer durables, reality, and auto industries sank.
On December 8, 2022, attention is expected to be focused on the following Small-Cap stocks:
India’s Ahluwalia Contracts:
An order for the construction of Shell & Core at Plaksha University in Alpha, Punjab, valued about Rs. 55.39 crores, has been given to Ahluwalia Contracts (India). The firm has received orders totaling Rs. 4017.63 crores so far in FY 2022–23.
For a total consideration of Rs. 25.18 crores, Goa Shipyard Limited has issued a letter of award to the company for the supply of mild steel and high tensile steel plates with shot blasting and priming for the main hull and superstructure of a floating dock.
Aster DM Healthcare, one of the major integrated healthcare service providers in the GCC and India, has partnered with Faruk Medical City, the top healthcare provider in Iraq, to develop clinical staff and healthcare professionals in Iraq’s academic and professional training programmes.
Star Housing Finance: At its shareholder meeting, the business got approval for a bonus issue. The plan to split the company’s shares has also received support from the board and shareholders. The record date for the purposes of the bonus issue and share split has been established by the company’s board of directors as December 16, 2022. The company’s members agreed a bonus issue in the proportion of 1:1 and the division of each equity share from one with a face value of Rs. 10 to two with a value of Rs. 5.
Apar Industries, Blue Star, Hariom Pipe Industries, Ion Exchange (India), and Aia Engineering had the highest 52-week highs.
On December 8, 2022, keep a watch out for the small-cap stocks that are listed above.