Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 18

On Tuesday, the market saw its third consecutive session of decline for the first time in three months. The Sensex dropped significantly by 0.62%, closing at the level of 72,943.68, while the Nifty also experienced a decline of 0.56%, ending at 22,147.90.

Among the top performing sectors were Nifty Media, Nifty FMCG, Nifty Pharma, and Nifty Energy, while Nifty IT, Nifty PSU Bank, Nifty Bank, and Nifty Metal were among the sectors witnessing losses.

Leading the gainers in the Nifty 50 were Eicher Motors, Divi’s Laboratories, and Titan, while Infosys, IndusInd Bank, and LTIMindtree were among the top losers.

In the broader market, there was a mixed performance with the Nifty Midcap closing slightly lower by 0.09%, whereas the Nifty Smallcap gained by 0.75%.

Here is the list of the top 5 mid and small-cap stocks to watch

1. Va Tech Wabag Ltd (Rs 923.90)

   Va Tech Wabag Ltd is engaged in the business of water treatment field. Its principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 13 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Transformers and Rectifiers India Ltd (Rs 607.25)

   Transformers and Rectifiers India Ltd. is a manufacturer of Power, Furnace and Rectifier Transformers. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 80% return in past 1 month. Hence given such price momentum, keep this stock in your radar.

3. Thomas Cook Ltd (Rs 192.05)

   Today, the shares of Thomas Cook Ltd reached a new 52-week high price of Rs 192.05, signalling bullish momentum. The company offers a broad spectrum of services that include Foreign Exchange, Corporate Travel, MICE, Leisure Travel, Visa & Passport services, and E-Business Thus, add this stock to the watchlist.

4. Hathway Cable & Datacom Ltd (Rs 49.65)

   Hathway Cable & Datacom Ltd is engaged in distribution of internet services through cable and has strategic stake in entities engaged in Cable Television business. The company is set to release its Q4FY24 results on Wednesday. Thus, keep this stock in your radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.