Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 11

On Wednesday, the benchmark market closed in the red but significantly off its lows, with major selling observed in banks and autos. The Sensex traded 0.88% lower, while the Nifty plunged by 0.83%.

Nifty FMCG was the only major sector trading positively. In contrast, Nifty Auto, Nifty Metal, and Nifty Media were the major underperformers.

Among the Nifty 50 stocks, Asian Paints, Britannia, and SBI Life were the top gainers, while M&M, Hindalco, and Tata Steel were the top losers.

The Midcap Index saw its biggest intraday recovery since June 5, up 2% from the lows. Similarly, Nifty Smallcap plummeted by 1.35%. About 515 stocks advanced compared to 1,780 stocks that declined, indicating a negative sentiment in the broader market.

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

1. Talbros Automotive Components Ltd (Rs 375.50)
   

   Talbros Automotive Components Ltd’s shares hit a new high at Rs 383.95, indicating strong upward momentum. It is engaged in the business of manufacturing Gaskets and forging. Additionally, the stock has provided returns of 20.8% in the past one month. Therefore, it is recommended to add this stock to your watchlist.

2. Indigo Paints Ltd (Rs 1,534)
   

   Indigo Paints Ltd manufactures and sells decorative paints. The company’s shares closed up by 10.35% today and experienced a significant surge in trading volume, surpassing the weekly average by 47 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Walchandnagar Industries Ltd (Rs 347.64)
   

   Walchandnagar Industries Ltd is a Heavy Engineering and Project execution company and has diversified business offerings across core sectors with focus on EPC / Turnkey Projects, Hi Tech Manufacturing, Engineering Products and Engineering Services. Shares of the company were locked in an upper circuit of 5% for the day for the ninth consecutive day. Over the past one month, the stock has delivered impressive returns of 67.40%. Given this momentum, keep this stock on your radar.

4. Aurionpro Solutions Ltd (Rs 1674.20)
   

   Aurionpro Solutions Ltd works in providing business solutions in the fields of Transaction Banking Platform, Customer Experience, Smart city and Smart Transportation experience and Cybersecurity solution. 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. Satin Creditcare Network Ltd (Rs 213)
   

   Satin Creditcare Network Ltd, a leading microfinance institution in India, has raised 15 million Euros in External Commercial Borrowing from the Development Bank of Austria. The five-year ECB will be used to expand SCNL’s operations and enhance micro-credit access through its Income Generating Loan and WASH Loan programs, supporting rural women entrepreneurs. Given this development, 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.