Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 14

On Thursday, the market posted a record close amid broad-based gains. The market cap of BSE-listed companies rose to Rs 432 lakh crore, with an addition of Rs 2.5 lakh crore today.

The Sensex gained 0.27% after reaching a new all-time high of 77,145.46, while the Nifty increased by 0.33%, hitting a record high of 23,481.05.

Within the sectors, Nifty Realty, Nifty IT, and Nifty Auto were among the top gainers, whereas Nifty Media, Nifty FMCG, and Nifty Energy were among the top losers.

Shriram Finance, HDFC Life, and Divi’s Laboratories were notable gainers, while Hindustan Unilever, Axis Bank, and Britannia were among the top losers.

Approximately 1,300 stocks advanced compared to 832 that declined, indicating positive sentiment in the broader market. The broader market also experienced gains as the Nifty Midcap closed 0.79% higher, reaching a record high of 54,753.20, and the Nifty SmallCap surged by 0.67% to an all-time high of 17,925.15.

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

1. Bajaj Hindusthan Sugar Ltd (Rs 41.82)
   

   Bajaj Hindusthan Sugar Ltd’s shares hit a new high at Rs 42.99, indicating strong upward momentum. The company is Asia’s No.1 and World’s No.4 Integrated Sugar Company. Besides Sugar, it is also a leading manufacturer of ethanol. Additionally, the stock has provided returns of 30.61% over the past week. Therefore, it is recommended to add this stock to your watchlist.

2. Selan Exploration Technology (Rs 755.10)
   

   Selan Exploration Technology Ltd is engaged in the business of Oil & Gas exploration and production The company’s shares were locked in an upper circuit of 20% for the day. Over the past week, the stock has delivered impressive returns of 24.80%. Given this momentum, keep this stock in your radar.

3. Saksoft Ltd (Rs 293.40)
   

   Saksoft Ltd is engaged in providing business intelligence and information management solutions predominantly to mid-tier companies based out of USA and UK. The company’s shares closed up by 12.53% today and experienced a significant surge in trading volume, surpassing the weekly average by 27 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

4. DCX Systems Ltd (Rs 318.35)
   

   DCX Systems Ltd, engaged in system integration and cable & wire harnessing, has secured contracts and orders worth INR 32,20,87,939 from both domestic and international customers for the supply of cable and wire harness assemblies. Over the past week, the stock has delivered a return of 13.64%. This notable increase in stock price, driven by recent order acquisitions, makes the stock a strong contender for the watchlist.

5. Knowledge Marine & Engineering Works (Rs 1,407.10)
   

   Knowledge Marine & Engineering Works Ltd, primarily involved in owning, chartering, and hiring marine crafts, along with manning, operation, technical maintenance, and repair of marine crafts and infrastructure in India, has made a significant disclosure today. The company’s CEO, Mr. Sujay Kewalramani, has acquired 125 shares of the company. This positive development of management buying suggests a strong vote of confidence from the leadership, making it worth 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.