Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 3

On Friday, the Frontline indices closed positively, with broader indices also closing higher.

The Sensex marginally gained 0.1% to close at 73,961.31, while the Nifty rose by 0.19% to 22,530.70. The Nifty Bank saw a notable increase of 0.62%, closing at 48,983.95. The broader market also showed gains, with the Nifty Midcap up by 0.54% and the Nifty Smallcap by 0.5%.

Sector-wise, Nifty Realty, Nifty Metal, Nifty PSU Bank, and Nifty Energy performed well, whereas Nifty Media, Nifty IT, Nifty Pharma, and Nifty FMCG underperformed.

Among the Nifty 50, Adani Enterprises led the gainers with a surge of over 6.5%, followed by Adani Ports, Shriram Finance, and Coal India. On the losing side were Divi’s Laboratories, Nestle India, TCS, and Maruti.

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

1. Jupiter Wagons Ltd (Rs 604)

Jupiter Wagons Ltd shares reached a new high of Rs 615, showing strong upward momentum. The company has delivered a remarkable 46.24% return in the past month. Jupiter Wagons specializes in manufacturing metal fabrication, including load bodies for commercial vehicles, rail freight wagons, and components. Given its recent performance, this stock is a worthy addition to your watchlist.

2. Techno Electric & Engineering Company Ltd (Rs 1450.65)

Techno Electric & Engineering Company Ltd (TEECL) specializes in Engineering, Procurement, and Construction (EPC), asset ownership, and operations and maintenance services in the power infrastructure industry. Today, the company’s shares hit the upper circuit limit of 20%, indicating strong buyer interest. Year-to-date, the stock has delivered impressive returns of 78.31%. Given its current momentum, this stock is one to watch closely.

3. Bharat Rasayan Ltd (Rs 10,700)

Bharat Rasayan Ltd, established in 1989, manufacturers Technical Grade Pesticides and Intermediates for the agro-chemical industry. Today, the company’s shares saw a significant surge in trading volume, surpassing the weekly average by 101.17 times. Given this positive indicator, it’s wise to consider adding this stock to your watchlist.

4. Waaree Renewables Technologies Ltd (Rs 2,393)

Waaree Renewables Technologies Ltd, a company specializing in power generation through renewable energy sources and offering consultancy services, has recently received a Letter of Award (LOA). This LOA is for the execution of Engineering, Procurement, and Construction (EPC) works for a solar power project with a capacity of 26.4 MW DC on a turnkey basis. The order is valued at approximately Rs 65.22 crore. It is advisable to keep this stock on your watchlist.

5. Suzlon Energy Ltd (47.6)

Suzlon Energy Ltd is a global leader in renewable energy solutions, specializing in the manufacturing, installation, and maintenance of wind turbine generators (WTGs). Recently, it secured an order to supply 26 WTGs, each with a capacity of 3.15 MW, for a project in Agar, Madhya Pradesh. This project, totaling 81.9 MW, will supply electricity to Commercial and Industrial (C&I) customers under a captive model.

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.