Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 4

The market experienced its best trading day in three years on Monday, driven by exit polls predicting a BJP win. Frontline indices hit record highs, with gains of 3% or more across the board. All sectoral indices surged, while the volatility index fell by up to 20%.

This broad-based rally saw significant gains in public sector units (PSUs) and Adani Group stocks. The overall market surge helped BSE-listed companies gain a market capitalization of Rs 14 lakh crore, pushing the total market cap of BSE-listed firms to a record high of Rs 425 lakh crore.

The Sensex jumped 3.39% to close at 76,468.78, while the Nifty climbed 3.25% to finish at 23,263.90.

Key indices like Nifty PSU Bank, Nifty Energy, and Nifty Realty closed positively, with no major sectors underperforming.

Top gainers included Adani Ports, NTPC, and SBI, while top losers from the Nifty 50 were Eicher Motors, LTIMindtree, and HCL Technologies.

In the broader market, 1,408 stocks advanced compared to 719 stocks that declined, indicating a positive market sentiment. The broader market also saw substantial gains, with the Nifty Midcap index up 3.19% and the Nifty Smallcap index rising 2.41%.

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

1. NCC Ltd (Rs 311)
   

   NCC Ltd’s shares hit a new high at Rs 314.95, indicating strong upward momentum. With a 25.92% return in the past month, the company undertakes turnkey EPC contracts and BOT projects on Public-Private Partnership basis Add this stock to the watchlist.

2. Aditya Birla Sun Life AMC (Rs 574.80)
   

   Aditya Birla Sun Life AMC is set up as a joint venture between Aditya Birla Capital Ltd and Sun Life AMC. The Co. offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings. Shares of the company were locked in an upper circuit of 10% for the day indicating increased buyer interest. Hence given such momentum, keep this stock in your radar.

3. Gujarat Industries Ltd (Rs 209.50)
   

   Gujarat Industries Ltd is engaged in the business of Electrical Power Generation with a present installed generation capacity of 1184.40 MW. The Company has a diversified portfolio of Thermal (Gas and Lignite), Wind, and Solar Power Plant Assets in the State of Gujarat. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 30 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Techno Electric & Engineering Company Ltd (Rs 1,499.50)
   

   Shares of Techno Electric & Engineering Company Ltd closed up by 5.82% today, indicating heightened investor activity. The stock has reached a new 52-week high of Rs 1,535 and delivered a 1-year return of 290%. The company is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. It is advisable to keep this stock on your watchlist.

5. PTC Industries Ltd (Rs 10,000)
   

   PTC Industries Ltd hit the upper circuit today, reaching Rs 10,000 per share, driven by market momentum. The company, which produces metal components for critical and supercritical applications in industries such as Defence, Oil & Gas, LNG, and Marine, has delivered a 20% return in the past week. Given this positive development, it is prudent to closely monitor the stock.

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.