Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 10

On Tuesday, the market hit a record high, led by gains in the Autos and FMCG sectors.

The Sensex rose by 0.49% to close above the 80,300 mark, while the Nifty gained 0.46%, closing above 24,400.

In the sectoral landscape, Nifty Auto, Nifty Pharma, and Nifty PSU Bank were the top gainers, while Nifty IT and Nifty Energy underperformed.

Top gainers included Maruti, M&M, and ITC, whereas Tata Consumer Products, Reliance, and Shriram Finance were among the top losers.

The broader market also experienced gains, with the Nifty Midcap rising by 0.33% and the Nifty Smallcap increasing by 0.26%. However, the broader market showed negative sentiment, with 1,123 stocks advancing and 1,076 declining.

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

1. Bombay Dyeing & Manufacturing Company Ltd (Rs 224.45)

Bombay Dyeing & Manufacturing Company Ltd’s shares hit a new high at Rs 228.30, indicating strong upward momentum. It is currently engaged in the business of Real Estate Development, Polyester Staple Fibre and Retail. Additionally, the stock has provided returns of 36% in the past one month. Therefore, it is recommended to add this stock to your watchlist.

2. Jubilant Ingrevia Ltd (Rs 589)

Jubilant Ingrevia Ltd is a global integrated Life Science products and Innovative Solutions provider serving Pharmaceutical, Nutrition, Agrochemical, Consumer and Industrial customers with customised products and solutions that are innovative, cost-effective and conforming to excellent quality standards. The company’s shares closed up by 10.89% today and experienced a significant surge in trading volume, surpassing the weekly average by 43.4 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Krishna Institute of Medical Sciences Ltd (Rs 2,105)

KIMS Hospitals Ltd is one of the largest corporate healthcare groups in the Country, providing multi-disciplinary integrated healthcare services, with a focus on tertiary and quaternary healthcare at affordable cost. It has acquired controlling stake (100%) in Chalasani Hospitals Private Ltd, owner of Queen’s NRI Hospital, Vizag. With a notable 11.25% return over the past month, considering this momentum and recent development, it may be prudent to keep this stock on your watchlist.

4. Heritage Foods Ltd (Rs 547.20)

Heritage Foods Ltd is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants. Shares of the company were locked in an upper circuit of 5% for the day. Given this momentum, keep this stock on your radar.

5. Sharda Motor Industries Ltd (Rs 2,920)

Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components. The stock has achieved a new 52-week high price of Rs 2,952.10. Over the past week, the stock has delivered impressive returns of 82.84%. Given this momentum, keep this stock on your radar.

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.