Overnight Digest: Top 5 mid and small-cap stocks to watch out for July 26

On Thursday, the market exhibited muted sentiment as benchmark indices concluded the trading day on a negative note. The Sensex dipped by 0.14 percent to 80,039.80, while the Nifty dropped by 0.03 percent to 24,406.10. The broader market also declined, with the Nifty Mid-cap closing down by 0.23 percent and the Nifty Small-cap plunging by 0.27 percent.

Market volatility, as indicated by India VIX, reduced by 7.27 percent, closing below 13, which reflects an increase in market volatility.

In the sectoral landscape, Nifty Energy and Nifty Auto emerged as the top gainers, whereas Nifty Bank, Nifty Metal, and Nifty Realty were among the top losers.

Despite the overall negative sentiment, about 2,802 stocks were advancing compared to 1,094 stocks that were declining, indicating a predominantly bearish sentiment in the broader market.

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

MMTC Ltd (Rs 123.12)

MMTC Ltd’s shares hit a new high at Rs 123.12, indicating strong upward momentum. With a 49.34% return in the past month, the company facilitates foreign trade in India and canalizes the export and import of essential minerals and metals. The shares of the company were also locked in an upper circuit of 20%. Add this stock to the watchlist.

Mahanagar Telephone Nigam Ltd (Rs 92.46)

Mahanagar Telephone Nigam Ltd is engaged in providing telecom services. 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 178.49%. Hence given such momentum, keep this stock in your radar.

Oswal Green Tech Ltd (Rs 39.88)

Oswal Green Tech Ltd is in the business of real estate activities and investment of surplus funds including inter corporate deposits. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 34.87 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

Jyothy Labs Ltd (Rs 548.80)

Shares of Jyothy Labs Ltd closed up by 7.97% today, indicating heightened investor activity. The stock has delivered a year-to-date return of 13.73% and reached a new 52-week high of Rs 573.85. The company is a renowned brand in the domestic FMCG industry.It has a diversified product portfolio spanning four major categories of fabric care, dishwashing, household insecticides and personal care. It is advisable to keep this stock on your watchlist.

Servotech Power Systems Ltd (Rs 122.50)

Servotech Power Systems Ltd, manufactures LED lights and Solar power products. The company has received an additional order for approx. 400 units of DC Fast EV Chargers from BPCL and other OEMs. The company has delivered year till date returns of 58.06%. 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.