Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 16

On Monday, the market built on Friday’s gains and closed at a record high. The market cap of BSE-listed companies reached a record Rs 455 lakh crore. The Sensex surged by 0.18% to close at 80,664.86, while the Nifty rose by 0.35% to a record high of 24,635.05.

Among sectors, Nifty PSU Bank, Nifty Media, and Nifty Realty were top gainers, while Nifty IT was the only major sector to underperform.

ONGC, SBI Life, and Shriram Finance were among the top gainers, whereas LTIMindtree, Asian Paints, and Grasim Industries were top losers.

The broader market also saw gains, with Nifty Midcap closing 0.86% higher at a record 57,687.65, and Nifty Smallcap rising by 0.52%. Advancing stocks numbered 1,259 compared to 1,058 decliners, indicating positive sentiment in the broader market.

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

1. Geojit Financial Services Ltd (Rs 122.75)
   

   Geojit Financial Services Ltd’s shares hit a new high at Rs 124.80, indicating strong upward momentum. It offers a complete spectrum of financial services including online broking, financial products distribution, portfolio management services, margin funding, etc. Additionally, the stock has provided returns of 23.7% in past one week. Therefore, it is recommended to add this stock to your watchlist.

2. Birla Cable Ltd (Rs 281.90)
   

   Birla Cable Ltd manufactures and sells telecommunications cables, other types of wires & cables, etc. The company’s shares closed up by 14.4% today and experienced a significant surge in trading volume, surpassing the weekly average by 48.8 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. E2E Networks Ltd (Rs 1,590.35)
   

   E2E Networks Ltd is an Nse-listed AI-focused hyper scale cloud platform, offering advanced cloud GPUs and a comprehensive ecosystem of cloud technologies designed for the development and deployment of AI/ML applications. Shares of the company were locked in an upper circuit of 5% for the day. Given this momentum, keep this stock on your radar.

4. Century Textile Ltd (Rs 2,101)
   

   Birla Estates Pvt Ltd, a wholly owned subsidiary of Century Textiles and Industries Limited and part of the Aditya Birla Group, is expanding in the NCR region with a strategic land acquisition in Sector 71, Gurugram. The 5-acre plot has a development potential of 10 lakh square feet and is expected to generate revenue exceeding Rs 1,400 crore from aesthetically designed residences. Given this development, keep this stock on your radar.

5. Marine Electricals India Ltd (Rs 251.68)
   

   Marine Electricals India Ltd is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. Over the past one month, the stock has delivered impressive returns of 75%. 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.