Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 11

On Monday, the market couldn’t sustain its intraday record highs and closed lower. The Sensex dropped 0.27%, closing at 76,490.08, while the Nifty fell 0.13%, ending at 23,259.20.

In sector performance, Nifty Media, Nifty Realty, and Nifty Pharma led the gains, whereas Nifty IT, Nifty Metal, and Nifty Financial Services lagged.

Among individual stocks, Ultratech Cement, Grasim, and Hero Motocorp were top gainers, while Tech Mahindra, Infosys, and Wipro were the biggest losers.

Market sentiment remained positive, with 1,455 stocks advancing compared to 697 declining. The broader market also saw gains, with Nifty Midcap rising 0.08% and Nifty Smallcap jumping 1.51%.

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

1. Rallis India Ltd (Rs 313)
   

   Rallis India Ltd’s shares hit a new high at Rs 321 , indicating strong upward momentum. With a 17.63% return in the past week, the Tata Group company is into manufacturing of Agrochemicals and is present across the value chain of agriculture inputs – from seeds to organic plant growth nutrients. Rallis is also in the business of contract manufacturing for global corporations. Add this stock to the watchlist.

2. Dredging Corporation of India Ltd (Rs 953.55)
   

   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 locked in an upper circuit of 10% for the day indicating increased buyer interest. The stock has delivered 59% returns for the year till date. Hence given such momentum, keep this stock in your radar.

3. Chemplast Sanmar Ltd (Rs 543.90)
   

   Chemplast Sanmar Ltd It is a major manufacturer of Speciality Chemicals such as Specialty Paste PVC resin and Custom Manufactured Chemicals for agro-chemical, pharmaceutical and fine chemicals sector. The company also produces other chemicals such as Caustic Soda, Chlorochemicals, Hydrogen Peroxide, Refrigerant gas and Industrial Salt. Shares of the company closed up by 10% and experienced a significant surge in trading volume today, surpassing its weekly average by 34 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Raymond Ltd (Rs 2,560)
   

   Raymond Realty, the real estate arm of Raymond Group today announced that it has been selected for the redevelopment of another residential project situated in Bandra East, Mumbai. Today, the board of Raymond Ltd approved the project. Raymond Realty won this project with 100% votes by the members of society for the redevelopment. The shares closed up by 3.5% today reacting to this news. Consider adding this stock to your watchlist.

5. PTC Industries Ltd (Rs 11,180)
   

   PTC Industries Ltd, a manufacturer of high-quality high-precision metal components for various critical and super-critical applications, announced its partnership with leading entities under DTIS scheme in the Indian Defence and Aerospace sector to advance the ‘Make in India’ initiative. 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.