Top 5 Mid and Small-Cap Stocks To Watch Out For February 19

Friday saw the market extend its winning streak for the fourth consecutive day, reaching a one-month high as both the Sensex and Nifty closed in the green. The Sensex climbed 0.52% to touch 72,426.64 points, while the Nifty rose by 0.59% to 22,040.70 points.

Notably, sectors such as Nifty Auto, Nifty Pharma, Nifty Realty, and Nifty IT performed strongly, while Nifty Energy and Nifty PSU Bank witnessed declines.

The Nifty Bank surged by 166 points to 46,385, with all constituents except Kotak Bank closing higher. HDFC Bank contributed significantly to the Nifty’s gains for the second consecutive day.

The automobile sector saw a rise in trading volumes, with companies like Bajaj, M&M, Maruti, and TVS hitting record highs.

Market breadth favoured advances, with an advance-decline ratio of 3:2. Top performers in the Nifty 50 included Wipro, M&M, and SBI Life, while Power Grid, ONGC, and SBI were among the top losers.

Overall, the broader market also experienced moderate gains, with the Nifty Midcap rising by 0.64% and the Nifty Smallcap by 0.55%.

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

Data Patterns India Ltd (Rs 2,019.15)

Data Patterns (India) Limited is one of the fastest-growing companies in the Defence and Aerospace Electronics sector in India. It is among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry. The stock experienced a significant surge in trading volume today, surpassing its weekly average by almost 16.75 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

HPL Electric & Power Ltd (Rs 379.55)

HPL Electric & Power Ltd is a leading electrical equipment manufacturer in India operating for the past 40 years. The company has a significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgears, LED lighting and wires and cables. The shares of the company were locked in an upper circuit of 10% showcasing strong bullish momentum. Hence it is a potential contender for the watchlist.

Aegis Logistics Ltd (Rs 436.2)

Shares of Aegis Logistics reached its new high price of Rs 468.65 It is in the business of import and distribution of Liquified Petroleum Gas (LPG) and storage and terminalling facility for LPG and chemical products. Thus keep this stock on your watchlist.

Firstsource Solutions Ltd (Rs 199.45)

Firstsource Solutions Ltd is a leading player in the Business Process Management (BPM) industry. The company has been featured as a member of the S&P Global Sustainability Yearbook 2024. This follows its recent ranking in the top 96th percentile on the Dow Jones Sustainability Index. Being included in the Yearbook is a significant milestone and a moment of pride for Firstsource that reflects the company’s dedication to operating responsibly and sustainably.

CIE Automotive Ltd (Rs 483.6)

CIE Automotive Ltd is set to release its Q3FY2024 results on February 19. The company is engaged in the business of production and sale of automotive components to original equipment manufacturers and other customers in India and overseas. Hence keep this stock on your 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.