Overnight Digest: Top 5 mid-cap and small-cap stocks to watch out for November 15, 2023

The Nifty50 index closed the day in the red, down by 82 points (-0.42%) from the previous session, opening at 19486.75, reaching a high of 19494.4, and a low of 19414.75 before settling at 19443.55. 

Top performers for the day included Coal India, Eicher Motors, Hindalco, Mahindra & Mahindra, and BPCL, while SBI Life, Bajaj Finance, Grasim, Infosys, and Nestle emerged as the top losers. Advancing stocks outnumbered declining ones, with 13 stocks making gains and 36 facing declines. State Bank of India remained unchanged throughout the day. 

In sectoral terms, Nifty PSU Bank and Nifty Metals showed significant gains, while Consumer Durables, alongside the IT sector, faced the most substantial declines. 

Looking at the broader market, Nifty Smallcap 100 and Nifty Midcap 100 closed up by 0.68% and 0.07%, respectively. Stay tuned for further market developments and potential opportunities. 

Here are the Top 5 Mid and Small-cap Stocks to Watch for Wednesday, 15 November 2023 :    

1. Wockhardt Ltd (CMP Rs 285): 
   • Today, the stock surged by an impressive 10.92%, revealing a box breakout pattern that hints at potential upside. 
   • Keep a keen eye as the company is scheduled to announce its Q2FY2024 results tomorrow. 
2. SBFC Finance Ltd (CMP Rs 91.85): 
   • Closing with a 4.85% gain today and reaching a new high of Rs 96.9, this stock experienced a substantial volume spurt of almost 12 times. 
   • Given this robust buying force, it’s a recommended addition to your watchlist. 
3. PVR Inox Ltd (CMP Rs 1637.75): 
   • The company shared news about the inauguration of Maison INOX, a 6-screen multiplex at Jio World Centre in Mumbai, and a 4-screen multiplex at Utkal Kanika Galleria Mall in Bhubaneswar, Odisha. 
   • With this expansion, PVR INOX now boasts the largest multiplex network, encompassing 1,711 screens across 359 properties in 114 cities. Make sure to include this stock in your watchlist. 
4. KDDL Ltd (CMP Rs 2759.80): 
   • Closing the day with a 3% uptick, the stock exhibited notable buyer interest. 
   • Keep an eye on this stock as the company is set to release its Q2FY2024 financial results tomorrow. 
5. La Opala RG Ltd (CMP Rs 447.40): 
   • A leading manufacturer and marketer of opal and glass tableware in India, La Opala RG Ltd is gearing up to announce its Q2 results tomorrow. 
   • Consider adding this contender to your watchlist and stay tuned for potential opportunities in the market. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.