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

On Thursday, the market ended flat but at a record closing high. The Sensex gained 0.08% to reach a record high of 80,392.64, while the Nifty rose 0.06% to a new all-time high of 24,401.

In the sectoral landscape, Nifty Pharma, Nifty IT, and Nifty Auto were the top gainers, while Nifty Media, Nifty FMCG, and Nifty Financial Services underperformed.

HCL Technologies, ICICI Bank, and Tata Motors were among the top gainers, whereas HDFC Bank, Bajaj Finance, and Wipro were among the top losers.

The broader market also experienced gains. Nifty Midcap closed 0.58% higher at a new record high of 56,711.25, while Nifty Smallcap rose 0.49% to an all-time high of 18,827.35. About 1,299 stocks advanced compared to 997 that declined, indicating positive sentiment in the broader market.

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

1. Galaxy Surfactants Ltd (Rs 3,128)
   

   Galaxy Surfactants Ltd’s shares hit a new high at Rs 3,208.05, indicating strong upward momentum. It’s a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. Additionally, the stock has provided returns of 26% in the past month. Therefore, it is recommended to add this stock to your watchlist.

2. Nelco Ltd (Rs 881)
   

   Nelco Ltd, a part of Tata Group, offers solutions in areas of VSAT connectivity, Satcom Projects and Integrated Security & Surveillance Solutions. The company’s shares closed up by 11.04% today and experienced a significant surge in trading volume, surpassing the weekly average by almost 34.7 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Sanghvi Movers Ltd (Rs 1,100.90)
   

   Sanghvi Movers Ltd, a provider of hydraulic and crawler cranes to the infrastructure sector, boasts a fleet with lifting capacities from 20 to 800 tons. They have established a wholly owned subsidiary, Sangreen Logistics Private Ltd, offering end-to-end logistic solutions and supply chain management. Given this positive development, consider keeping this stock on your watchlist.

4. Suven Life Sciences Ltd (Rs 116.79)
   

   Suven Life Sciences Ltd is a clinical-stage biopharmaceutical company focused on the acquisition, development and commercialisation of novel therapeutics for the treatment of neurodegenerative disorders. Shares of the company were locked in an upper circuit of 10% for the day. Over the past month, the stock has delivered impressive returns of 24.57%. Given this momentum, keep this stock on your radar.

5. Dredging Corporation of India Ltd (Rs 1,340.05)
   

   Dredging Corporation of India Ltd is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India. Shares of the company were again, for the fourth consecutive day, locked in 5% upper circuit and reached its 52-week high price of Rs 1,340.05. Over the past month, the stock has delivered a 45.91% return, making it 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.