Overnight Digest: Top 5 mid and small-cap stocks to watch out for July 22

On Friday, the market exhibited muted sentiment as benchmark indices closed negatively, with the Sensex dipping by 0.91% to 80,604.65 and the Nifty dropping by 1.09% to 24,530.90. The broader market also faced declines, with the Nifty Mid-cap down by 2.11% and the Nifty Small-cap falling by 2.29%.

Market volatility increased, as indicated by a 2.17% rise in India VIX, which closed below 15. Sectorally, there were no top gainers, with Nifty Energy, Nifty Auto, and Nifty Metal among the top losers.

The broader market reflected negative sentiment, with 909 advancing stocks compared to 3,010 declining stocks.

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

AIA Engineering Ltd (Rs 4,271)

AIA Engineering Ltd shares hit a new high at Rs 4,699.95, indicating strong upward momentum. With a 15.93% year to date returns, the company is in high-chrome grinding media, liners and diaphragms, collectively known as mill internals. These are used for crushing and grinding operations in the cement, power utility & aggregates and mining industries. Add this stock to the watchlist.

MTNL (Rs 70.48)

MTNL is engaged in providing telecom services. Shares of the company were locked in an upper circuit of 9.99% for the day indicating increased buyer interest and also made a new high at the upper band price. The stock has delivered year till date returns of whopping 112.29%. Hence given such momentum, keep this stock in your radar.

VST Industries Ltd (Rs 4583)

VST Industries Ltd is engaged inter-alia in manufacture and trading of Cigarettes, Tobacco and Tobacco products. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 39.28 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

Emami Ltd (Rs 795.25)

Shares of Emami Ltd closed up by 0.42% today. The stock has delivered a year-to-date return of 38.86% and reached a new 52-week high of Rs 814. The company is engaged in manufacturing & marketing of personal care & healthcare products with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm and others. It is advisable to keep this stock on your watchlist.

KPI Green Energy Ltd (Rs 1016.80)

KPI Green Energy Ltd, part of KP Group, develops, builds, owns, manages, and maintains renewable power facilities (solar and wind-solar hybrid) as an Independent Power Producer (IPP) and service provider to Captive Power Producers (CPPs) under the ‘Solarism’ brand. The company received a new order for a 100 MW Hybrid Captive Solar Power Project under the Captive Power Producer (CPP) segment of the company. 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.