Overnight Digest: Top 5 mid and small-cap stocks to watch out for February 21

The stock market ended the day on a high note, with key indices reaching record levels. The Sensex rose by 0.48%, closing at 73,057.40, while the Nifty climbed 0.34%, reaching 22,196.95.

Among the top gainers were sectors like Media, Financial Services, Banking, and Realty, while IT, Auto, Metal, and Pharma sectors faced losses.

In the last hour of trading, there was increased buying activity in chemical stocks, with companies like Deepak Nitrite and Aarti Industries leading the gains.

Power Grid, HDFC Bank, and Axis Bank were some of the top performers, while Hero Motocorp, Coal India, and Bajaj Auto faced declines.

The broader market saw moderate losses, with the Nifty Midcap falling by 0.23% and the Nifty Smallcap plunging by 0.46%.

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

1. Allcargo Logistics Ltd (Rs 85.30)

   Allcargo Logistics provides integrated logistics solutions and offers specialized logistics services across multimodal transport operations, inland container depot, container freight station operations, contract logistics operations and project and engineering solutions. The stock experienced a significant surge in trading volume today, surpassing its weekly average by almost 30 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Shipping Corporation of India Ltd (Rs 251.25)

   Shipping Corporation of India Ltd is engaged in the business of transporting goods and passengers. The shares of the company were locked in an upper circuit of 5% showcasing strong bullish momentum. Hence it is a potential contender for the watchlist.

3. Snowman Logistics Ltd (Rs 81.95)

   Shares of Snowman Logistics Ltd reached its new high price of Rs 84.90 signalling bullish momentum. Snowman Logistics is engaged in the business of Temperature-controlled logistics including, but not limited to storage, transportation by road, and distribution of products requiring a temperature-controlled environment.

4. TVS Supply Chain Solutions Ltd (Rs 200.45)

   TVS Supply Chain Solutions Ltd a global supply chain solutions provider and one of the largest and fastest growing integrated supply chain solutions providers in India, today announced that their contract with Rolls-Royce, a global leader in technology and innovation, has been extended for five years until 2029. The stock has risen almost 15% from its recent lows indicating increased interest from buyers in the stock. Thus make sure to add this stock to your watchlist.

5. Cupid Ltd (Rs 2,298.25)

   Cupid Ltd was incorporated in 1993. The co. is the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products. The stock has been in the upper circuit for the past two days and has delivered a whopping 95.76% return for the year to date. Keep it 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.