Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 19

On Thursday, the main stock market indexes ended the day lower. The Sensex fell by 0.62%, closing at 72,488.99, and the Nifty dropped by 0.69%, closing at 21,995.85.

Only the Nifty Media sector saw gains, while sectors like FMCG, Financial Services, Pharma, and Energy saw losses.

Some top gainers included Bharti Airtel, Power Grid, and Bajaj Auto, while top losers were Apollo Hospitals, Titan, and Nestle India among Nifty 50 stocks.

The broader market didn’t perform well either, with the Nifty Midcap down by 0.49% and the Nifty Smallcap by 0.28%. More stocks declined than advanced, indicating negative sentiment in the broader market. About 880 stocks were up compared to 1207 stocks down.

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

1. Hinduja Global Solutions Ltd (Rs 831.80)
   

   Hinduja Global Solutions Ltd is engaged in the business of business process management (BPM). The company has entered into an agreement to acquire 51% shareholding of Seven Star Balaji Broadband Private Limited through its subsidiary ONEOTT Intertainment Limited. Given this positive development, it is prudent to closely monitor the stock.

2. Sterling Tools Ltd (Rs 367.1)
   

   Sterling Tools Ltd manufactures and markets high tensile cold forged fasteners, primarily for the automobile industry. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 33 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

3. Websol Energy System Ltd (Rs 607.60)
   

   Websol Energy System Ltd is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 74.7% return in past 1 month. Hence given such price momentum, keep this stock in your radar.

4. Exicom Tele-Systems Ltd (Rs 294.90)
   

   Today, the shares of Exicom Tele-Systems Ltd reached a new 52-week high price of Rs 308.65, signalling bullish momentum. The company specializes in power systems, electric vehicle (EV) charging, and other related solutions. Thus, add this stock to the watchlist.

5. KP Green Engineering Ltd (Rs 458.40)
   

   KP Green Engineering Limited manufactures fabricated and hot-dip galvanized steel products The company is set to release its Q4FY24 results on Friday. 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.