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

On Wednesday, the stock market couldn’t sustain its early gains ahead of the release of FOMC meeting minutes. The main stock indices ended the day with a slight decrease: the Sensex fell by 0.59% to close at 72,623.10, and the Nifty dropped by 0.64% to 22,055.05, down nearly 200 points from its recent peak of 22,249. In terms of sectors, real estate, PSU banks, metals, and FMCG showed gains, while media, energy, IT, and financial services sectors experienced losses. Among individual stocks, Tata Steel, SBI, and IndusInd Bank saw gains, while BPCL, Coal India, and NTPC faced losses within the Nifty 50 index. SBI’s positive momentum continued, making it the fifth-largest company by market capitalization. However, midcap and smallcap stocks didn’t fare as well, with both indices closing lower by 1.25% and 1.04%, respectively, indicating significant losses in the broader market. Here is the list of the top 5 mid and small-cap stocks to watch

1. Campus Activewear Ltd (Rs 252)
   

   The shares of Campus Activewear Ltd experienced a significant surge in trading volume today, surpassing its weekly average by almost 31 times. Considering this positive signal, it’s best for you to consider adding this stock to your watchlist. The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, available in multiple colours, and styles, and at affordable prices.

2. KPI Green Energy Ltd (Rs 1637.75)
   

   KPI Green Energy Ltd is in the business of solar power generation. The company provides solar power, both as an independent power producer (IPP) and Engineering, Procurement, Construction (EPC) services to Captive Power producers (CPP) customers. 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. Salzer Electronics Ltd (Rs 571.85)
   

   Shares of Salzer Electronics Ltd reached its new high price of Rs 579.6 signalling bullish momentum. The company is engaged in offering Total and Customised Electrical Solutions in Switchgears, Wires & Cables and Energy Management business. It is also involved in manufacturing CAM Operated Rotary switches & Wire Ducts in India.

4. 63 Moons Technologies Ltd (Rs 487.30)
   

   63 Moons Technologies Ltd, a pioneer in developing next-generation technologies, continues its legacy of innovation and disruption by entering into the critical realm of cybersecurity. Has launched disruptive cybersecurity technologies, including CYBXTM, India’s first comprehensive mobile security solution for the 80-crore mobile phone market. Additionally, they introduced 63 SATSTM, a customised enterprise solution safeguarding digital infrastructure, and CYBERDOMETM, defending critical public infrastructure networks against digital attacks.

5. Jana Small Finance Bank Ltd (Rs 462.65)
   

   Jana Small Finance Bank Limited is a NBFC primarily engaged in providing MSME loans, affordable housing loans, term loans to NBFCs, loans against fixed deposits, two-wheeler loans, and gold loans. The bank will be disclosing its financial results tomorrow. 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.