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On Tuesday, the budget took center stage, influencing market sentiment, which remained muted throughout the trading day. The benchmark indices closed on a negative note, with the Sensex slipping by 0.09% to 80,429.04 and the Nifty falling by 0.12% to 24,479.05.
The broader market mirrored this decline. The Nifty Mid-cap dropped by 0.60%, while the Nifty Small-cap plunged by 0.88%.
Market volatility, as measured by India VIX, increased significantly by 17.43%, closing below 13, indicating heightened uncertainty in the market.
In the sectoral landscape, Nifty FMCG and Nifty Media emerged as the top gainers, while Nifty Realty, Nifty PSU Bank, and Nifty IT were the top losers.
The overall market sentiment was negative, with 1,743 stocks advancing against 2,159 declining stocks, reflecting a bearish mood in the broader market.
Here is the list of the top 5 mid and small-cap stocks to watch
Aadhar Housing Finance Ltd’s shares hit a new high at Rs 486.95, indicating strong upward momentum. With a 17.98% return in the past month, the company is one of the largest low-income housing finance companies in India servicing the home financing needs of the low income sections of the society. Add this stock to the watchlist.
Suzlon Energy Ltd is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered year till date returns of a whopping 50.21%. Hence given such momentum, keep this stock in your radar.
Axita Cotton Ltd is a manufacturer and exporter of international quality Cotton Bales & Cotton Yarn. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 38.87 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Shares of Antony Waste Handling Cell Ltd closed up by 4.67% today, indicating heightened investor activity. The stock has delivered a year-to-date return of 40.85% and reached a new 52-week high of Rs 702. The company is one of the top five players in the Indian municipal waste management industry with a track record of ~20 years. It is advisable to keep this stock on your watchlist.
One 97 Communications Ltd, is India’s leading digital ecosystem for consumers as well as merchants. Paytm Partners with Axis Bank to Offer POS Solutions and EDC Devices to Merchant Network. The stock has given 10.98% return in the past 1 month. 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. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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