Overnight Digest: Top 5 mid and small-cap stocks to watch out for December 20, 2023

Today, the Nifty index hit a new record high of 21,505 but couldn’t sustain that level. The Nifty chart shows a “hanging man” pattern, indicating a struggle between buyers and sellers. The candle has a thin body, a short upper wick, and a longer lower wick. Despite the battle, Nifty managed to close in the green at 21,453.1, up 0.16% from yesterday’s closing.

Market breadth stood neutral as the advance-decline ratio was at 1:1

In terms of sectors, Nifty Infrastructure and Nifty Pharma were the top gainers, while Nifty IT and Nifty Private Bank were the biggest losers.

Looking at broader market indices, Nifty Midcap fell by 0.38% to 45,512.45, and Nifty Smallcap 100 closed slightly negative, down by -0.12% at 14,951.20.

Here are the top 5 mid and small-cap stocks to watch on Wednesday:

DCM Shriram Ltd (CMP Rs 1107.85)

DCM Shriram is engaged in the business of manufacturing facilities of Fertiliser, Chloro Vinyl & Cement in Kota (Rajasthan) and Chlor-Alkali in Bharuch (Gujrat). Today the stock witnessed a substantial increase in volume by more than 74 times its weekly average and the stock managed to gain more than 10% for the day. Investors should add this stock to the watchlist.

Repro India Ltd (CMP Rs 896.25)

Repro India Ltd. is engaged in providing print solutions which include value engineering, creative designing, pre-press, printing, knitting and assembly and other services across the printing value chain. Today the stock was locked in an upper circuit indicating an increased buyer’s interest. Don’t forget to add this stock to your watchlist.

Asian Energy Services Ltd (CMP Rs 283.15)

Asian Energy Services Ltd is an oilfield service and reservoir imaging company, offering a suite of geophysical services specializing in land and well seismic services and operation and maintenance services for oilfields. Today, the company has achieved a new 52-week high of Rs 283.20 and is up 5% for the day. Add this stock to the watchlist.

Transformers & Rectifiers India Ltd (CMP Rs 190.95)

Transformers and Rectifiers (India) Ltd is a manufacturer of Power, Furnace and Rectifier Transformers. The company has been awarded orders of Transformers for a total contract value of Rs 118 Crore from Uttar Pradesh Power Transmission Corporation Limited for designing, engineering, manufacture, testing at manufacturers works and supply, unloading & supervision of transformers.

VST Tillers Tractors Ltd (CMP Rs 3844.40)

VST Tillers Tractors Limited, which commands a leadership position in power tillers with more than 70% market share, has displayed its most innovative range of power tillers including VST 165 DI ES 16HP electric start power tiller, which is suitable for wet and dry land operations, inter-cultivation, earthing up and Land preparation. This highly advanced machine is suitable for farms including vegetables, horticulture, and plantation crops.

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.