Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 3

On Tuesday, the Sensex and Nifty closed with little change, while midcap and smallcap indexes continued to perform well. The Sensex slightly declined by 0.15% to close at 73,903.91, and the Nifty also decreased by 0.04% to end at 22,453.30.

Nifty Media, Nifty Metal, Nifty Auto, and Nifty Realty were the top gainers, while Nifty IT, Nifty Financial Services, and Nifty Pharma lagged behind.

Tata Consumer Product, M&M, and Bajaj Auto were among the top gainers, while Hero Motocorp, Kotak Bank, and HCL Technologies were among the top losers in the Nifty 50. The NSE advance-decline ratio stood at 4:1.

The broader market saw significant gains, with Nifty Midcap closing 1.16% higher and Nifty Smallcap soaring 1.22%. The outperformance of mid and smallcap indexes favored advances in the market breadth.

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

1. TCNS Clothing Co Ltd (Rs 393.95)

   TCNS Clothing Co Ltd is a leading exclusive women’s ethnic/fusion apparel company providing fashion in a modern retail environment. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 16 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Apollo Micro Systems Ltd (Rs 105.05)

   Apollo Micro Systems Ltd is a pioneer in design, development, assembly and testing of electronic and electro mechanical solutions. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence add this stock to the watchlist.

3. Thejo Engineering Ltd (Rs 2,785.20)

   Today, the shares of Thejo Engineering Ltd reached a new 52-week high price of Rs 2,828, signalling bullish momentum. The company is an Engineering Solutions provider for Bulk Material Handling, Mineral Processing and Corrosion Protection to the Core Sector Industries like mining, power, steel, cement, ports and fertilisers. Thus, add this stock to the watchlist.

4. Ashiana Housing Ltd (Rs 301)

   Ashiana Housing Ltd is principal business activity of the company is Real Estate Development. Today, the company disclosed that the 224 units in Phase 3 of ‘Ashiana Amarah’ (Gurugram) have been converted into booking by 30th March 2024, having sale value of Rs 440.32 Crores. Phase 3 of “Ashiana Amarah” project has total saleable area of 3.77 lakhs sq. ft. Given this development keep the stock in your watchlist

5. The Anup Engineering Ltd (Rs 3,160)

   The Anup Engineering Ltd, a company that produces Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges, and Formed Components, has announced that Tuesday, 23rd April 2024, will be the Record Date. This date is set to determine which Members are eligible to receive bonus equity shares in a 1:1 ratio. It’s advisable to keep this stock in watchlist

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.