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On Monday, the market exhibited mixed sentiment with the benchmark indices trading on a flat note. The Sensex edged up by 0.03%, reaching 81,355.85, while the Nifty increased by 0.01%, breaking the level of 24,836.10 points. In contrast, the broader market showed significant gains. The Nifty Mid-cap closed up by 1.03% and the Nifty Small-cap rallied by 1%, reflecting robust investor interest.
Market volatility, as indicated by India VIX, increased by 5.70%, closing below 13. This rise in India VIX suggests a decrease in market stability. Within the sectoral landscape, Nifty Media and Nifty Realty emerged as the top gainers, while Nifty IT and Nifty FMCG underperformed, indicating a varied performance across sectors.
In terms of market breadth, about 2,453 stocks advanced compared to 1,701 that declined, pointing to a positive sentiment in the broader market.
Here is the list of the top 5 mid and small-cap stocks to watch
Atul Ltd’s shares hit a new high at Rs 7,974.30 indicating strong upward momentum. With a 19.33% return in the past month, the company is a diversified and integrated Indian chemical company. Add this stock to the watchlist.
Mazagon Dock Shipbuilders Ltd is a prominent shipyard in India. Initially a small dry dock, MDL has evolved into a renowned shipbuilding company. Shares of the company were locked in an upper circuit of 10% for the day indicating increased buyer interest. The stock has delivered a return of 21.62% in the past month. Hence given such momentum, keep this stock in your radar.
Rupa & Company Ltd is engaged in the manufacture of knitted apparel, including hosiery. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 35.70 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Shares of 20 Microns Ltd closed up by 8.63% today, indicating heightened investor activity. The stock has delivered a year-to-date return of 58.53% and reached a new 52-week high of Rs 294.80. The company is in the business of Industrial Micronised Minerals and Speciality Chemicals. It is advisable to keep this stock on your watchlist.
Cyient DLM Ltd, a leading electronics system design and manufacturing player, which provides system design, integration, testing, and manufacturing of electronic components. Cyient DLM wins Boeing contract to produce BDM (Battery Diode Module) for 787 Dreamliner. 1st power electronics project for Cyient DLM. The company has delivered year till date returns of 21%. 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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