Overnight Digest: Top 5 mid and small-cap stocks to watch out for January 10, 2024

On Tuesday, the main stock indices closed the day with marginal gains. The Sensex edged up by 0.04% to finish at 71,385.21, while the Nifty saw a slight increase of 0.15%, closing at 21,544.85.

Top-performing sectors included Nifty Realty, Nifty Auto, Nifty Pharma, and Nifty Metal, while Nifty Media, Nifty Financial Services, Nifty Bank, and Nifty FMCG faced losses.

Hero MotoCorp, Adani Ports, and Apollo Hospitals were among the top gainers, whereas Britannia, Nestle India, and Asian Paints were among the leading losers in the Nifty 50.

Broader market indices also posted modest gains, with Nifty Midcap rising by 0.16% and Nifty Smallcap gaining 0.44%.

Here are the Top 5 Mid and Small-cap Stocks to watch for the next trading session:

BIGBLOC Construction Ltd (CMP Rs 172.3) 

BIGBLOC Construction Ltd is primarily engaged in the manufacture, sale and marketing of AAC (Aerated Autoclaved Concrete) Blocks. These AAC Blocks of the company are marketed under the Brand name NXTBLOC. The stock experienced a significant surge in trading volume today, surpassing its weekly average by over 17.5 times. Considering these positive signals, it’s advisable to consider adding this stock to your watchlist.

Kamdhenu Ltd (CMP Rs 412.90) 

Kamdhenu Ltd. is engaged in the manufacturing, marketing, branding and distribution of TMT Bars, structural steel, paints and allied products. Today, the company’s shares witnessed a substantial surge, reaching the upper circuit of 20%. Keep this stock on your watchlist.

Bharat Wire Ropes Ltd (CMP Rs 338.30)

Today, the shares of Bharat Wire Ropes Ltd achieved a new 52-week high price of Rs 348.8 showcasing bullish momentum in the stock. The company is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings. Add this stock to the watchlist.

SEAMEC Ltd (CMP Rs 1,115.70)

SEAMEC Ltd owns and operates 4 multi-support vessels for the provision of diving services, manned and unmanned subsea operations and related activities. It has also diversified into the main fleet shipping vertical by acquiring 3 bulk carriers of various sizes. Today the company has received an order to render transporting services for bringing the vessel “SEA DIAMOND” from Alexandria, Egypt to Mumbai Anchorage. The fees for services would be USD 622,500.

Pondy Oxides & Chemicals Ltd (CMP Rs 728.25) 

The company, Pondy Oxides & Chemicals Ltd announced that it has entered into an MoU with a nodal agency of the Tamil Nadu Government to set up state-of-the-art recycling and manufacturing plants for non-ferrous metals, lithium-ion batteries, paper, plastics and rubber contributing to sustainability and circular economy to the state of Tamil Nadu.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.