Overnight Digest: Top 5 mid and small-cap stocks to watch out for December 22, 2023 

The Nifty50 exhibited weakness in the morning, initiating with a gap down opening at 21,033.95. Despite a substantial decline and prevailing bearish sentiment, Nifty displayed resilient bullish momentum throughout the day. The session concluded on a positive note, with the index closing at 21,255.05, marking a gain of 0.50% or 104.90 points from the previous day’s close.

PowerGrid, BPCL, and HDFC Banks emerged as prominent contributors to the Nifty’s positive performance, whereas three stocks from the Bajaj group faced significant losses within the Nifty50. Sector-wise, a noteworthy reversal occurred compared to the previous day, with all sectoral indices closing in the green. Notably, the Nifty Media and Nifty Oil and Gas indexes demonstrated a robust recovery.

In the broader market segment, both the Nifty Midcap 100 and Nifty Smallcap Indexes rebounded from support levels, surpassing the benchmark Nifty50 by closing up 1.69% and 1.94%, respectively.

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

WPIL Ltd (CMP Rs 3,413.80)

WPIL is engaged in the entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc. Today the company received a Rs 425 crore order from PHED, Government of West Bengal for execution of a turnkey project. Investors should keep this stock on the watchlist.

Brigade enterprises (CMP Rs 867)

Today in a press release, Brigade Enterprises Ltd disclosed that Brigade Group has leased an office space to Sidvin Core-Tech India Private Limited The 10-year agreement is for Grade A office space at Brigade Deccan Heights in Northwest Bangalore. The company is one of India’s leading property developers with over three decades of expertise in building positive experiences. Add this stock to the watchlist

Ami Organics Ltd (CMP Rs 1140.10)

Ami Organics Limited is one of the leading research and development-driven manufacturers of speciality chemicals. Today the stock witnessed a substantial increase in volume by more than 56 times its weekly average. The stock closed up by 5.19% for the day, So it is noteworthy to add the name of the stock to the watchlist.

Control Print Ltd (CMP Rs 994)

Control Print Ltd is involved in the development, research, manufacturing, and marketing of printing machines, spare parts, consumables (fluids) and associated services. Today the shares of the company achieved a new 52-week high price of Rs 998 and gained more than 4.54% for the day. The stock is a must add to the watchlist.

Navkar Corporation Ltd (CMP Rs 102.85)

Navkar Corporation provides cargo transit services across Container Freight Stations, Private Freight Terminal, Inland Container Depots, and Multimodal Logistics Parks. Today, Shares of the company were locked in an upper circuit of 10%. The stock is up by 57.6% over the past 1 month, showing good performance. Don’t forget to add this stock to the watchlist.

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.