Overnight Digest: Top 5 mid and small-cap stocks to watch out for February 27

On Monday, the market showed volatility within a narrow range before the release of important economic data. The market ended with slight decreases, with the Sensex closing down by 0.48% at 72,790.14 and the Nifty also declining by 0.41% to close at 22,122.05 In terms of sector performance, Nifty Energy, Nifty Auto, and Nifty Realty saw gains, while Nifty IT, Nifty Metal, and Nifty Bank faced losses L&T made significant contributions to the upside of the Nifty, continuing its gains from Friday. Power Grid and Adani Enterprises were among the top gainers, while Asian Paints, Apollo Hospitals, and Hindalco were among the top losers in the Nifty 50. Oil Marketing Companies saw a recovery of 3-7% from their lows as crude oil prices softened, with HPCL being the top gainer. In the broader market, Nifty Midcap closed slightly lower by 0.05%, while Nifty Smallcap saw a minimal decline of 0.01%. Here is the list of the top 5 mid and small-cap stocks to watch

1. Greenply Industries Ltd (Rs 277.5)
   

   Greenply Industries Ltd is amongst the leading plywood manufacturers in India with a 26% share of the organized market. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 9 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Data Patterns India Ltd (Rs 2,572.3)
   

   Shares of Data Patterns India Ltd reached a new 52-week high price of Rs 2,625 today. The company is among the few vertically integrated defence and aerospace electronics solutions providers catering to the indigenously developed defence products industry. It is focused on in-house development and manufacturing facilities led by innovation and design and development efforts. Thus keep this stock on your watchlist.

3. Ganesh Housing Corporation Ltd (Rs 837.15)
   

   The shares of Ganesh Housing Corporation Ltd were locked in an Upper circuit of 10% indicating bullish momentum. The company is a part of the Ganesh Group founded in 1991. GHCL has built a strong presence in and around Ahmedabad. GHCL has developed and sold over 22 million sq. ft. of real estate space, with another 2.5 million sq. ft. currently under development.

4. Kilitch Drugs Ltd (Rs 419.75)
   

   Kilitch Drug Ltd, a multi-national pharmaceutical company based in Mumbai, has announced that its subsidiary, Kilitch Estro Biotech PLC, has secured a significant tender issued by the Ethiopian Pharmaceutical Supply Service of the Federal Democratic Republic of Ethiopia having a value of approx. USD 9.13 million. This tender win marks a notable achievement for the company not only because of this tender but also because it will repeat as the Ethiopian Pharmaceutical Supply Service has planned to purchase injectables from local manufacturers.

5. Hind Rectifiers Ltd (Rs 562.05)
   

   Hind Rectifiers Ltd. is primarily engaged in developing, designing, manufacturing, and marketing power semiconductors, power electronic equipment, and railway transportation equipment. Today, the company has secured orders from Indian Railways and the order amount is more than Rs 200 crore. The stock has delivered 179.35% returns in past 1 year. Given these positive developments, Investors should 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.