Top 5 Smallcap Stocks To Watch Out For Today, 10th May 2023

Following a turbulent day on Tuesday, the domestic equity indices finished nearly flat.   

Consumer durables, FMCG and PSU Banks all had significant sell-offs, although auto and pharmaceutical companies managed to finish with some gains. The barometer index, the S&P BSE Sensex, dropped 2.92 points to 61,761.33 according to preliminary closing data. To reach 18,265.95, the Nifty 50 index rose 1.55 points or 0.01%. 

Keep a close eye on these trending stocks on Wednesday, 10, May 2023: 

Dev Information Technology: The business received a significant order for Rs 2.15 crore from Gujarat State Fertilisers & Chemicals Limited (GSFC), a Gujarat Government-run organisation, for the installation, supply, commissioning, implementation and maintenance of an enterprise-class mailing solution at GSFC HO.  

Sula Vineyards: The shares of Sula Vineyards reached a new 52-week high of Rs 439.45 per share after witnessing a spurt in the trading volume of 2.30 times in today’s trading session. A final dividend of Rs 5.25 per share (face value of INR 2 per equity share) for FY 2022–23 was also recently announced by the firm.  

Mahanagar Gas: The fourth quarter of the fiscal year 2022–23 had a net profit of Rs 268.8 crore for Mahanagar Gas. A “final dividend of Rs 16 per equity per share” with a face value of Rs 10 apiece (i.e., 160 percent) has also been issued by Mahanagar Gas board, according to the company.   

Vardhman Special Steels: The company has established Friday, May 19, 2023 as the record date for establishing the shareholders’ eligibility for the issuance of Bonus Equity Shares of the Company in the ratio of 1 (one) Bonus Equity Share for every 1 (one) Existing Equity Share of Rs. 10/- each, subject to the approval of shareholders.  

Happiest Minds Technologies: The company Happiest Minds Technologies issued rated listed redeemable non-convertible debentures (NCDs) in order to finance Rs 45 crore through a private placement.