Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 19

On Tuesday, the market’s record run continued, with major indices ending at life highs. The Sensex, Nifty, and Midcap Index all hit new records. The market cap of BSE-listed companies reached an all-time high of Rs 437 lakh crore.

The Sensex gained 0.4%, reaching its all-time high of 77,366.78, while the Nifty rose by 0.39%, setting a record at 23,579.05.

Within the sectoral landscape, Nifty Realty, Nifty Bank, and Nifty Financial Services were among the top gainers, whereas Nifty Media, Nifty Pharma, and Nifty Metal were among the top losers.

Shriram Finance, Power Grid Corporation, and Wipro were the top gainers, while Maruti, Dr. Reddy’s Laboratories, and Tata Steel were the top losers.

About 1,325 stocks advanced against 982 that declined, indicating positive sentiment in the broader market. The broader market also saw substantial gains, with Nifty Midcap rising 0.48% to a record high of 55,523.20, and Nifty Smallcap soaring 1.08% to its all-time high of 18,238.55.

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

1. Pricol Ltd (Rs 508)
   

   Pricol Ltd’s shares hit a new high at Rs 510, indicating strong upward momentum. It is engaged in the business of manufacturing and selling of instrument clusters and other allied automobile components to OEMs and replacement markets. Additionally, the stock has provided returns of 11.61% today. Therefore, it is recommended to add this stock to your watchlist.

2. Dredging Corporation of India Ltd (Rs 1,122.90)
   

   Dredging Corporation of India Ltd is engaged in providing integrated dredging services to ports, Indian Navy and other maritime organizations in India. The company’s shares were locked in an upper circuit of 20% for the day. Over the past month, the stock has delivered impressive returns of 31.58%. Given this momentum, keep this stock in your radar.

3. Asahi India Glass Ltd (Rs 673)
   

   Asahi India Glass Ltd is India’s leading value-added and integrated glass solutions company and a dominant player both in the automotive and architectural glass segments. The company’s shares closed up by 8.53% today and experienced a significant surge in trading volume, surpassing the weekly average by 13.5 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

4. Craftsman Automation Ltd (Rs 4,770)
   

   Craftsman Automation Ltd, which manufactures components and sub-assemblies on a supply and job-work basis for the automotive, industrial, and engineering segments, announced today that its Fund-Raising Committee has approved raising funds through qualified institutions placement. Over the past week, the stock has delivered a 7% return. Therefore, it is advisable to keep this stock on your watchlist.

5. NGL Fine-Chem Ltd (Rs 2,424)
   

   NGL Fine-Chem Ltd, a manufacturer and marketer of APIs, intermediates, and finished dosage forms for human and animal pharmaceuticals, announced today that it has received a Certificate of Suitability from the European Directorate for the Quality of Medicines & Healthcare for its product Triclabendazole. This certification facilitates the registration and use of Triclabendazole produced by NGL Fine-Chem Ltd by European customers for their finished products. Considering this positive development, it is advisable to keep this stock in 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.