3 smallcap stocks to watch out for on 10 February 2022

Nifty Smallcap 100 index ended in the green zone, climbing 0.41%.
 
Domestic equity markets have exhibited a healthy recovery over the last two trading sessions after experiencing a heavy sell-off on Monday. Headline indices Nifty 50 and Sensex soared by 1.14%, while Nifty Bank index rose by 1.53%. Nifty IT index thrust to spotlight during the day, recording decent gains of 1.34%. Nifty Smallcap 100 index also ended in the green zone, climbing 0.41%.

The following smallcap stocks were the top gainers with high volume today: Ranjeet Mechatronics, Weizmann, The Ugar Sugar Works and Deep Industries.

The following smallcap stocks recorded a fresh 52-week in today's session: Jagran Prakashan, Zuari Global, Ajooni Biotech, The Ruby Mills, Mahalaxmi Rubtech, AMD Industries, Speciality Restaurants, Focus Lighting and Fixtures, Shree Ram Proteins and Crown Lifters.

Here are three smallcap stocks that should be on investors’ radar on 10 February 2022:

Polyplex Corporation – Shares of the company rallied 7% during early market hours today; recording a fresh 52-week high of Rs 2140. A significant price volume break out was witnessed in the stock. The company has recently informed the exchange that a meeting of the Board of Directors is being convened to be held on Monday, February 14, 2022, to consider unaudited financial results (standalone and consolidated) for the quarter ended 31 December 2021.

Imagicaaworld Entertainment – The company announced its unaudited financial results for the quarter ending 31 December 2021. Revenue stood and EBITDA stood at Rs 33.45 crore and Rs 12.70 crore, respectively. The improvement in EBIDTA is due to the continued cost control measures taken by the management across key expense heads especially marketing and employee costs.

The company’s business strategy has been focused on capturing the pent-up demand and getting a strong word of mouth going around. The company has also taken steps for the reduction in the fixed costs to offset part of the business lost during the COVID-19 closure.

AF Enterprises – The company has recently informed the exchange that it has secured a major order. The company has been qualified L1 in Punjab Health Systems Corporation for supplying 89,341 eye goggles.

Also read: These stocks are likely to be in focus on February 11