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

On Friday, the main stock market indices ended the trading day with minimal changes. The Sensex closed just slightly lower at 73,142.80, a decrease of 0.02%. The Nifty, after reaching a new all-time high of 22,297.50, ended the day flat, managing to hold above the 22,200 level.

Market volatility, measured by India VIX, decreased by 1.48%, indicating a reduction in market fluctuations.

Sectors like Nifty Media, Nifty Realty, Nifty Pharma, and Nifty Auto saw gains, while sectors like Nifty PSU Bank, Nifty Metal, Nifty Bank, and Nifty IT experienced losses.

Among individual stocks in the Nifty 50 index, Bajaj Finserv, SBI Life, and Dr Reddy’s Laboratories were top gainers, whereas BPCL, HCL Technologies, and Maruti were the top losers. Reliance reached a new record high during the trading session.

In the broader market, the Nifty Midcap rose by 0.27%, while the Nifty Smallcap saw an increase of 0.34%.

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

• Suprajit Engineering Ltd (Rs 423.00)

Suprajit Engineering Ltd started as a single product (cables) for TVS Motor in 1985. Over the years, Suprajit has emerged as the largest supplier (market share of ~65%) of mechanical cables to the domestic 2W and passenger vehicle (PV) market with a rising revenue share from aftermarket and exports. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 10 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

• Indiabulls Housing Finance Ltd (Rs 207)

Indiabulls Housing Finance Ltd is registered with and regulated by National Housing Bank (NHB) and is engaged in the business of providing home loans and loans against property. It also provides corporate mortgage loan-lease rental discounting and residential construction finance. Shares of the company rose more than 9.6% for the day after the company made its interest payments on NCD signalling bullish momentum. Thus keep this stock on your watchlist.

• Meghmani Organic Ltd (Rs 99.70)

Shares of Meghmani Organic Ltd reached a new 52-week high price of Rs 101.45 today. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is among the top 3 Phthalocyanine-based pigment players in the world and among the top 10 producers of pesticides in India. Thus keep this stock on your watchlist.

• SML Isuzu Ltd (Rs 2,099.2)

The shares of SML Isuzu Ltd were locked in an Upper circuit of 20% indicating bullish momentum. The Company primarily operates in the light commercial vehicle (LCV) and medium CV (MCV) segments of the automobile industry. Hence add this stock to the watchlist.

• Alembic Pharmaceuticals Ltd (Rs 1,048.35)

Alembic Pharmaceuticals Ltd is in the business of development, manufacturing, and marketing of pharmaceutical products i.e. Formulations and Active Pharmaceutical Ingredients. Today the company informed that it has now fully resumed its manufacturing operations at its Sikkim facility. Given this positive news keep this stock in 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.