Overnight Digest: Top 5 mid and small-cap stocks to watch out for December 26, 2023

Friday’s trading session ended with a bullish mood across Indian markets. Both Sensex and Nifty rose, with Sensex gaining 0.34% to 71,106.96 and Nifty climbing 0.44% to 21,349.40. Nifty formed a Doji candle on daily charts with a small body and wicks on both sides indicating indecision in the market.

Sectorally, gains were led by Realty, IT, and Metal stocks, while Banking, PSU Banking, and Financial Services lagged. Wipro, HCL Tech, and Hindalco were top gainers in the Nifty 50, while Grasim, SBI, and ICICI Bank led the decliners.

Midcap and Smallcap indices also soared, further amplifying the positive sentiment. Volatility, as measured by India VIX, dipped slightly, reflecting a calmer market outlook.

Overall, with more advancing stocks than declining ones, optimism prevailed in the broader market. This suggests investors’ confidence in the future trajectory of Indian equities.

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

Transformers & Rectifiers India Ltd (CMP Rs 224.3)

Transformers and Rectifiers (India) Ltd is a manufacturer of Power, Furnace and Rectifier Transformers. Today the company stock performed well closing up by more than 18% and in a press release the company announced the Successful Completion of Dynamic Short Circuit On 105 MVA Transformer. Do not forget to add the stock to the watchlist.

Talbros Automotive Components Limited (CMP Rs 305.15)

Talbros Automotive Components Limited, an Auto Component player with a diversified portfolio of Gaskets, Heat Shields, Forgings, Suspension Systems, Anti[1]vibration Products & Hoses today announced that its Board of Directors have approved the Divestment of its entire 40% stake in its Joint Venture company Nippon Leakless Talbros for Rs. 81.8 crores.

AstraZeneca Pharma India Ltd (CMP Rs 5,329.10)

AstraZeneca Pharma India Ltd is engaged in the business of manufacture, distribution and marketing of pharmaceutical products. Today, the stock witnessed a substantial increase in volume by more than 31 times its weekly average. The stock closed up by 12.55% for the day, So it is noteworthy to add this name to the watchlist.

Aurionpro Solutions Ltd (CMP Rs 2,194.40)

Today, Aurionpro Solutions Ltd achieved a new 52-week high price of Rs 2202.95. The company operates in providing business solutions in the fields of Transaction Banking Platform, Customer Experience (ACE Platform), Smart City and Smart Transportation experience and Cybersecurity solutions. The stock has delivered 20% returns over 1 month, thus it is a potential contender for the watchlist.

Balmer Lawrie & Company Ltd (CMP Rs 224.90)

Balmer Lawrie & Company Ltd is engaged in the business of Industrial Packaging, Greases & Lubricants, Leather Chemicals, Logistic Services and Infrastructure, Refinery & Oil Field and Travel & Vacation Services in India. The shares of the company were locked in an upper circuit of 20%, indicating increased buying interest. Add the 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.