Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 12

On Thursday, the market closed relatively unchanged in a rangebound session. The Sensex declined by 0.03% and closed below the 79,900 mark, while the Nifty fell by 0.03% to close below the 24,400 level.

In the sectoral landscape, Nifty Media, Nifty FMCG, and Nifty Energy were among the top gainers, while Nifty Realty, Nifty Pharma, and Nifty Auto underperformed.

ONGC, BPCL, and Coal India were among the top gainers, whereas Tata Consumer Product, Bajaj Finance, and M&M were among the top losers.

The broader market experienced gains as the Nifty Midcap closed 0.4% higher, while the Nifty Smallcap surged by 0.69%. About 1,426 stocks advanced compared to 879 that declined, indicating a positive sentiment in the broader market.

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

1. Balu Forge Industries Ltd (Rs 419.80)
   

   Balu Forge Industries Ltd’s shares hit a new high at Rs 420.35, indicating strong upward momentum. It is engaged in the manufacturing of fully finished and semi-finished forged crankshafts and Forged Components. Additionally, the stock has provided returns of 40.7% in the past one month. Therefore, it is recommended to add this stock to your watchlist.

2. Gateway Distripacks Ltd (Rs 112.94)
   

   Gateway Distripacks Ltd is an integrated inter-modal logistics service provider. The company’s shares closed up by 6.28% today and experienced a significant surge in trading volume, surpassing the weekly average by 10.8 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Shreyas Shipping and Logistics Ltd (Rs 402.05)
   

   Shreyas Shipping and Logistics Ltd is a container feeder-owning and operating company that provides vessels on time charter. Shares of the company were locked in an upper circuit of 20% for the day. Over the past one week, the stock has delivered impressive returns of 17.9%. Given this momentum, keep this stock on your radar.

4. Taneja Aerospace & Aviation Ltd (Rs 622.90)
   

   Taneja Aerospace & Aviation Ltd, involved in manufacturing and selling aviation parts and providing airfield and MRO services, has secured a contract from a Hyderabad-based company for Rs. 5,80,00,000. The contract includes modification and installation of full instrumentation with a telemetry system on two 42B helicopters, and non-invasive instrumentation on a Kamov-31 helicopter and an ALH helicopter. The project is set to be completed by December 2025. Given this development, keep this stock on your radar.

5. Lakshmi Machine Works Ltd (Rs 16,151)
   

   Lakshmi Machine Works Ltd, a top Indian textile machinery manufacturer, has formed a wholly-owned subsidiary named “LMW Holding Limited”, located at Dubai International Financial Centre, UAE. 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.