Overnight Digest: Top 5 mid and small-cap stocks to watch out for July 18

On Tuesday, benchmark indices ended the second trading day of the week positively, with the Sensex rising by 0.06% to close at 80,716.55 and the Nifty climbing by 0.11% to a new high of 24,613.

The broader market also saw gains, with the Nifty Mid-Cap remaining flat and the Nifty Small-Cap increasing by 0.08%. Market volatility, measured by the India VIX, increased by 0.25% and is trading above 14, indicating higher volatility.

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

1. Aadhar Housing Finance Ltd (Rs 458.10)

   Aadhar Housing Finance Ltd’s shares hit a new high of Rs 472.40, showing strong upward momentum. With a 10.69% return in the past month, it stands as one of the largest low-income housing finance companies in India, serving the home financing needs of the low-income sections. Add this stock to your watchlist.

2. KPI Green Energy Ltd (Rs 2040.95)

   KPI Green Energy Ltd develops, builds, owns, manages, and maintains renewable power facilities (solar and wind solar hybrid power projects) as an Independent Power Producer (IPP) and a service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand. The stock hit a 5% upper circuit, indicating strong buyer interest, and has delivered a 261.70% return over the past year. Given this momentum, keep this stock on your radar.

3. Jindal Worldwide Ltd (Rs 349.80)

   Jindal Worldwide Ltd, engaged in the textiles sector, manufactures denim fabric, premium shirtings, yarn dyeing, bottom weights, and home textiles through its various divisions. Shares of the company surged in trading volume today, surpassing its weekly average by 28.14 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

4. Asian Energy Services Ltd (Rs 357.50)

   Shares of Asian Energy Services Ltd closed up by 4.90% today, indicating heightened investor activity. The stock has delivered a year-to-date return of 30.71% and reached a new 52-week high of Rs 357.80. The company provides oilfield services and reservoir imaging, specializing in land and well seismic services and operation and maintenance services for oilfields.

5. Adani Enterprises Ltd (Rs 3106.50)

   Adani Enterprises Ltd, with interests in mining, IRM, infrastructure (airports, roads, rail/metro, water, data centers), solar manufacturing, agro, and defense, is set to acquire 77.5% of Coredge.io’s parent company at ₹20,000 per share. The acquisition is expected to be completed by the end of September 2024, according to an exchange filing. Given this positive development, it is prudent to closely monitor the stock.

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.