Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for July 4

On Wednesday, the market surged to a record high as banks saw major buying. The Nifty, Sensex, and Nifty Bank all hit fresh life highs. The Sensex crossed 80,000 for the first time, rising to 80,074.30, and the Nifty climbed to 24,309.15. Remarkably, the Sensex took just 138 days to ascend from 70,000 to 80,000, marking its fastest climb ever. The Sensex gained 0.69%, and the Nifty rose 0.67%.

Among sectors, Nifty Financial Services, Nifty Bank, and Nifty PSU Bank were the top gainers, while Nifty Media underperformed.

Tata Consumer Product, Adani Ports, and Kotak Bank led the gains, whereas TCS, Titan, and Reliance were among the top losers.

The broader market also experienced gains, with the Nifty Midcap closing 0.79% higher and the Nifty Smallcap up by 1.03%. Approximately 1,503 stocks advanced compared to 806 that declined, indicating a slight positive sentiment in the broader market.

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

1. Zen Technologies Ltd (Rs 1429.80)
   

   Zen Technologies Ltd’s shares hit a new high at Rs 1,429.80, indicating strong upward momentum. The company designs develop and manufacture combat training solutions and Counter-drone solutions for defense and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces. Additionally, the stock has provided returns of 41.15 % in the past month. Therefore, it is recommended to add this stock to your watchlist.

2. MMTC Ltd (Rs 85.33)
   

   MMTC Ltd is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons. The company’s shares closed up by 7.66% today and experienced a significant surge in trading volume, surpassing the weekly average by almost 26.9 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Aditya Vision Ltd (Rs 4,593)
   

   Aditya Vision Ltd engages in the trading of electronic items and operates a service-oriented electronic retail chain in Bihar, dealing in a wide range of consumer durables. In a Board of Directors meeting held today, the company announced a significant transaction. The board approved the sub-division or split of one equity share with a face value of Rs. 10 fully paid up, into ten equity shares with a face value of Rs. 1 each. This strategic move makes Aditya Vision Ltd a stock to keep on your watchlist.

4. Kingfa Science & Technology India Ltd (Rs 2,604.50)
   

   Kingfa Science & Technology India Ltd is engaged in the business of manufacturing and supply of high-quality modified plastic compounds for automotive and consumer products and personal protective equipments like masks and gloves. Shares of the company were locked in an upper circuit of 20% for the day. Over the past month, the stock has delivered impressive returns of 32.33%. Given this momentum, keep this stock on your radar.

5. GE T&D India Ltd (Rs 1,655.50)
   

   GE T&D India Ltd, a part of GE’s Grid Solutions business, has secured a significant order from Grid Solutions SAS, France. The order involves the supply and supervision of high voltage products, to be executed over two years, valued at 64 million euros. This contract, awarded by an international entity within the group, enhances GE T&D’s strong presence in the power transmission and distribution sector. Given these developments, it’s advisable to keep this stock on your watchlist.

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.