Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 10

On Friday, the market ended the week strongly despite volatility, with both Sensex and Nifty reaching record closing highs. The market cap of BSE-listed companies neared a record high, increasing by Rs 8 lakh crore.

Sensex rose by 2.16% to close at 76,693.36, while Nifty gained 2.05% to close at 23,290.15.

All major sectors traded positively, with Nifty IT, Nifty Auto, Nifty Energy, and Nifty Metal among the top gainers. No major sectors were in the red by the end of the session.

Top gainers included M&M, Wipro, and Tech Mahindra, while SBI Life and Tata Consumer Products were among the top losers.

In the broader market, 1,790 stocks advanced compared to 331 stocks that declined, indicating positive sentiment. The broader market also saw significant gains, with Nifty Midcap up 1.49% and Nifty Smallcap soaring by 2.31%.

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

1. Ganesh Housing Corporation Ltd (Rs 950)
   

   Ganesh Housing Corporation Ltd’s shares hit a new high at Rs 978 , indicating strong upward momentum. With a 25.46% return in the past week, the company has been in the real estate space for more than three decades concentrated mainly in Ahmedabad. Add this stock to the watchlist.

2. Wockhardt Ltd (Rs 572.65)
   

   Wockhardt Ltd is a global pharmaceutical and biotechnology organization engaged in manufacturing finished dosage formulations, injectables, biopharmaceuticals, orals and topicals. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence given such momentum, keep this stock in your radar.

3. Mastek Ltd (Rs 2,786)
   

   Mastek Ltd is a provider of vertically-focused enterprise technology solutions. Having its presence in IT industry for almost 4 decades, Mastek Ltd has evolved from an IT solutions provider to Digital transformation partner. Shares of the company closed up by almost 8% and experienced a significant surge in trading volume today, surpassing its weekly average by 25.5 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Wardwizard Innovations & Mobility Ltd (Rs 52.26)
   

   Wardwizard Innovations & Mobility Ltd, a prominent manufacturer of electric vehicles under the ‘Joy e-bike’ and ‘Joy e-rik’ brands in India, has secured a significant order worth USD 1.29 billion from Beulah International Development Corporation, one of the renowned full-service business integration companies and EPC firms in the Philippines backed by RP Connect. With this, WIML will deliver products from its existing portfolio, including the electric two-wheelers, three[1]wheelers in commercial and Passenger Vehicles segment and develop four-wheelers for commercial vehicles for Philippines markets. Consider adding this stock to your watchlist.

5. Heritage Foods Ltd (Rs 661.25)
   

   For the third consecutive day, Shares of Heritage Foods Ltd closed up by 10% today, indicating heightened investor activity. The stock has reached a new 52-week high of Rs 661.25 and delivered almost 100% returns in a month. The company is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants. Given this positive momentum in the stock, it is 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.