Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 4

On Wednesday, the Sensex and Nifty didn’t change much, but the Midcap Index reached its highest point ever. The Sensex fell slightly by 0.04%, closing at 73,876.82, and the Nifty also dropped by 0.08%, closing at 22,434.65.

Among sectors, Nifty PSU Bank, Nifty IT, Nifty Media, and Nifty Financial Services performed well, while Nifty Realty, Nifty FMCG, Nifty Auto, and Nifty Pharma didn’t do as well.

Among Nifty50, Some of the top gainers stocks include Shriram Finance, NTPC, and Divi’s Laboratories, while Nestle India, Bajaj Auto, and Dr Reddy’s Laboratories were among the biggest losers.

The broader market saw significant gains, with the Nifty Midcap rising by 0.59% and the Nifty Smallcap soaring by 1.12%. The Midcap Index has been gaining for 8 consecutive sessions, the longest streak in 4 months. The Smallcap Index is only 3.25% below its all-time high.

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

1. Capri Global Capital Ltd (Rs 238.35)

Capri Global Capital Ltd is a diversified Non-Banking Financial Company (NBFC) with a presence across diverse segments like MSME, Affordable Housing, Construction Finance segments, and Car Loan distribution. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 25 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Indo Amines Ltd (Rs 144.85)

Indo Amines Ltd is a worldwide manufacturer, developer, and supplier of fine and specialty chemicals, performance chemicals, perfumery chemicals, and active pharmaceutical ingredients. The shares of the company were locked in an upper circuit of 20% for the day indicating increased buyer interest. Hence add this stock to the watchlist.

3. Goa Carbon Ltd (Rs 952.20)

Today, the shares of Goa Carbon Ltd reached a new 52-week high price of Rs 974 per share, signalling bullish momentum. The company is in the business of manufacturing and marketing Calcined Petroleum Coke. Thus, add this stock to the watchlist.

4. Thomas Cook India Ltd (Rs 172.20)

Thomas Cook India Ltd, India’s leading omnichannel forex services company, has inaugurated a new branch in the high-potential market of Bhuj with a strategic intent to capitalise on the strong and growing demand from Gujarat. This increases Thomas Cook’s consumer access in the state to 7 locations across Ahmedabad, Baroda, Surat, Rajkot, Anand, and Bhuj. Given this development keep the stock on your watchlist

5. Ramkrishna Forgings Ltd (Rs 708.50)

Ramkrishna Forgings Ltd is primarily engaged in the manufacturing and sale of forged components of automobiles, railway wagons & coaches, and engineering parts. Today, the company informed that it has commenced commercial production of 4,500 MT of ENOMOTO 630 Tonnes Press Line and 13,750 MT of Maxi Press 6,000 Tonnes Press Line. This will enhance the production capacity of the Company by 18,250 tons per Annum. It’s advisable to keep this stock on the 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.