Technical charts suggest that microcap stocks such as Cyient DLM, Sansera Engineering, AMI Organics, Aarti Pharmalabs and Medplus Health Services can potentially rally up to 23% from present levels.
Going ahead, MOFSL expects the growth momentum to slow down in the near term due to the lack of BEL orders and a delay in order flows from existing and new clients.
The upward move came following the news that the company announced its partnership with Honeywell Aerospace for the micro vapour cycle system, aimed at improving aircraft cooling technology
Shares of Cyient DLM slipped 6.64 per cent at Rs 652.70 a piece on the BSE in Monday's intraday trade