10 Small Cap Stocks Nearing 52-Week High On Good Fundamentals

Often in the case of penny scrips there may be some hidden manipulation that may be leading stock to new highs, but herein we mention stocks from the small cap space that are zooming and trading close to 52-week high. The momentum in these stocks is considering the strong fundamentals, financial results and good RoE and RoCE ratios.

RoE is primarily suggestive of the company's management efficiency in converting shareholders' equity into returns to them. Usually a figure between 15-20% is considered as good.

RoCE on the other hand denotes the company's profitability with respect to all of its capital. Return on capital employed is similar to return on invested capital (ROIC). A higher ROCE shows a higher percentage of the company's value can ultimately be returned as profit to stockholders.

Now here below we list down all such small cap stocks that are close to hitting their fresh 52-week highs:

Stock	Sector	Current price (as on July 21, 2022)	52-Week High
Rajratan Global	Auto ancillaries	795.05	828.85
Tarsons	Plastic Products	848.5	924.9
PSP Projects	Real estate	636.9	671.5
Rolex Rings	Casting and forging	1761.65	1879
Fineotex Chemical	Specialty Chemicals	214.2	235.3
LG Bala	Auto ancillaries	673.1	736
Meghmani Organics	Agrochemicals	137.8	152.5
Astec Life	Pharma	2020	2179.7
BLS International	Tour, travel service	233	245.7
Roto Pumps	Pumps	469.9	511.9