Small-cap stunners today: Five small-cap stocks that clocked 10% gains today

About this update from Syncom Formulation (india) Ltd.

There were a few spots of green in a sea of red on the bourses on September 9. Despite various smallcap indices plunging almost two percent in trade, there were some outperformers recording gains of over 10 percent each.Here's a look at why these five small-cap counters defied the market trend to jump in double-digit numbers today:Deep IndustriesPrice: Day's high at Rs 476.6, gain of 20 percentVolume: 76 lakhs on BSE and NSEMarket Capitalisation: Rs 3,050 croreWhat's driving the gains: The company bagged an order worth Rs 1,402 crore from Oil and Natural Gas Corporation (ONGC). The contract spread across 15 years, is for production enhancement operations in ONGC's mature Rajahmundry Asset and marks the Deep Industries' largest project to date.Sector: Energy industry companyRecent Q1 numbers: For the quarter ended June, the firm recorded a total income of Rs 1,196 crore, with net profit coming in at Rs 304 crore.Syncom Formulations (India)Price: Day's high at Rs 27.3, gain of 18 percentVolume: 8 crore on BSE and NSEMarket Capitalisation: Rs 2,557.74 croreWhat's driving the gains: In response to the growing market demand, the firm has introduced a wider range of nutritional products designed to cater to diverse consumer needs. "This will be accompanied by an expanded marketing effort aimed at reaching a broader audience across various channels," said the company.Sector: Pharmaceuticals & DrugsRecent Q1 numbers: For the quarter ended June, the firm recorded a total income of Rs 881 crore, with net profit coming in at Rs 76.2 crore.Renaissance Global Price: Day's high at Rs 132.7, gain of 15 percentVolume: 37 lakh on BSE and NSEMarket Capitalisation: Rs 1,257 croreWhat's driving the gains: Heavy volumes drove the counter to extend its gains, with shares of the firm jumping 40 percent over the past month.Line of business: Diamond & JewelleryRecent Q1 numbers: For the quarter ended June, the firm recorded a total income of Rs 3,015 crore, with net profit coming in at Rs 138 crore.Manoj Vaibhav Gems N JewellersPrice: Day's high at Rs 285, gain of 16.6 percentVolume: 27 lakh on BSE and NSEMarket Capitalisation: Rs 1,346 croreWhat's driving the gains: The firm recently shared its annual report for FY24, showing that PAT, revenue and EBITDA have all gained, while the overall net debt/equity ratio is coming down. Further, the company guided on store expansion in And...

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