Top 5 mid and small-cap stocks to watch out for February 16

On Thursday, the stock market continued its upward momentum from Wednesday. The Sensex, a key index of the Bombay Stock Exchange, ended the day with a moderate gain of 0.32%, closing at 72,050.39 points. Similarly, the Nifty, representing the National Stock Exchange, also saw a rise of 0.32%, ending the day at 21,910.75 points.

Stocks like M&M, BPCL, and NTPC performed well, contributing to the market’s gains, while others such as Axis Bank, Apollo Hospitals, and ITC faced losses.

PSU banks saw significant gains, with SBI and BoB reaching record highs. Oil marketing companies also saw their stocks rise by 2-6%.

In terms of sector performance, industries like PSU banking, energy, automotive, and real estate performed well, while sectors like FMCG, media, and pharmaceuticals faced losses.

The broader market also performed strongly, with the Nifty Midcap index rising by 1.01% and the Nifty Smallcap index surging by 1.32%. The market breadth, which measures the ratio of advancing stocks to declining stocks, remained favourable towards advances, with a ratio of 2:1.

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

1. KPI Green Energy Ltd (Rs 1,405.35)

Today, KPI Green Energy Ltd announced that its wholly owned subsidiary, KPIG Energia Private Limited, has successfully secured a new order for a 1.5 MW solar power project under the ‘Captive Power Producer (CPP)’ segment. These projects are slated for completion in the financial year 2024-25, to be executed in multiple phases according to the order’s stipulations. Thus keep this stock on your watchlist

2. Ester Industries Ltd (Rs 98.15)

Ester is backed by 30 years of industry expertise in Industries Limited is into manufacturing Polyester Films, Polyester Chips, Specialty Polymers and Engineering Plastic compounds. The stock 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.

3. Mangalore Refinery & Petrochemicals Ltd (Rs 244.4)

Mangalore Refinery & Petrochemicals Ltd is mainly engaged in the business of refining crude oil, petrochemical business, trading of aviation fuels and distribution of petroleum products through retail outlets and transport terminals., the shares of the company were locked in an upper circuit of 20% showcasing strong bullish momentum. Hence it is a potential contender for the watchlist.

4. Jana Small Finance Bank Ltd (Rs 428.4)

Jana Small Finance Bank Ltd has reached its new high price of Rs 438 after listing at Rs 396 yesterday. It is a NBFC primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFC, loans against fixed deposits, two-wheeler loans, and gold loans. Add this stock to the watchlist.

5. BL Kashyap and Sons Ltd (Rs 74.2)

B.L. Kashyap and Sons Limited one of the leading Civil Engineering and Construction Company has secured a new order aggregating to Rs 208 Crores approx. The order is for the Construction of Block D1 & D2 (SEZ) at Embassy Manyata Business Park Campus, Bangalore and is expected to be completed within 19 months. The total order book as of date stands at Rs 3,165 Crores (excluding GST). Hence this stock should be on your 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.