Overnight Digest: Top 5 Mid and Small-Cap Stocks to Watch for June 28

On Thursday, the market’s record run continued with the Nifty crossing 24,000 and the Sensex reaching 79,000 for the first time. The Sensex gained significantly by 0.72%, hitting a record high of 79,396.03, while the Nifty surged by 0.74% to an all-time high of 24,087.45.

Among sectors, Nifty IT, Nifty Energy, and Nifty Auto were the top gainers, while Nifty Media, Nifty PSU Bank, and Nifty Pharma were the top losers.

Ultratech Cement, LTIMindtree, and Grasim Industries were notable gainers, whereas Shriram Finance, L&T, and Bajaj Auto were among the top losers.

The broader market indicated a negative sentiment, with about 807 stocks advancing compared to 1,490 declining. The performance was mixed, as the Nifty Midcap closed higher by 0.32%, while the Nifty Smallcap declined by 0.67%.

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

1. KDDL Ltd (Rs 3,215)

KDDL Ltd’s shares hit a new high at Rs 3,320, indicating strong upward momentum. The company manufactures watch components like dials, hands, and precision engineering goods under the brand name, Eigen. Additionally, the stock has provided returns of 14.02% in the past week. Therefore, it is recommended to add this stock to your watchlist.

2. Indo Amines Ltd (Rs 144.25)

Indo Amines Ltd is a manufacturer and supplier of fine and speciality chemicals. The company’s shares closed up by 16.55% today and experienced a significant surge in trading volume, surpassing the weekly average by almost 19.6 times. Considering this positive signal, it’s advisable to add this stock to your watchlist.

3. Jubilant Ingrevia Ltd (Rs 518)

Jubilant Ingrevia Ltd announced a successful outcome of the USFDA inspection with the receipt of the Establishment Inspection report with zero 483 inspectional observations for the inspection performed in April 2024 at its manufacturing facility. It is a global integrated Life Science products and Innovative Solutions provider serving pharmaceutical, nutrition, agrochemical, consumer, and industrial customers. Given such positive development, it is advisable to keep this stock on your watchlist.

4. Shakti Pumps India Ltd (Rs 3,509.65)

Shakti Pumps India Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions for a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. Shares of the company were locked in an upper circuit of 5% for the day. Over the past month, the stock has delivered impressive returns of 33%. Given this momentum, keep this stock on your radar.

5. Globus Spirits Ltd (Rs 768)

Globus Spirits Ltd is an organization with a long and deep-rooted presence in India in the Alco-Bev industry. The company has unveiled two new brands across whisky and vodka in Uttar Pradesh which may further boost revenue. Hence, considering this positive signal, it’s advisable to add this stock to 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.