Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 6

On Wednesday, the market recovered half of the losses incurred on election result day.

The Sensex surged by 3.2% to close at 74,382.24, while the Nifty climbed by 3.36% to finish at 22,620.35, reclaiming the 22,600 mark. Indices saw broad-based gains, rising between 2% and 6%.

BSE companies added Rs 13 lakh crore in market cap, with buying interest in consumption stocks such as Auto and FMCG, both indices rising 4%.

All major sectors traded positively, with Nifty Metal, Nifty Auto, Nifty Bank, and Nifty FMCG among the top gainers.

Top gainers included Adani Ports, IndusInd Bank, Hindalco, and Hero Motocorp, while no stocks recorded losses.

The market sentiment was positive, with 1,635 stocks advancing compared to 494 declining. The broader market also saw significant gains, with the Nifty Midcap up 4.3% and the Nifty Smallcap up 3.81%.

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

1. Mrs. Bectors Food Specialities Ltd (Rs 1,425)
   

   Mrs. Bectors Food Specialities Ltd’s shares hit a new high at Rs 1,436.90, indicating strong upward momentum. With a 17.9% return in the past week, the company is one of the leading companies in the premium and mid-premium biscuits segment in North India and a leading premium bakery player in India. The Company is the preferred supplier to some of the Largest QSR Franchises, Cloud Kitchens and Multiplexes in India. Add this stock to the watchlist.

2. Bhagiradha Chemicals & Industries Ltd(Rs 222.40)
   

   Bhagiradha Chemicals & Industries Ltd is an Agro Chemical Company in India involved in the manufacturing of insecticides, fungicides, herbicides etc. Shares of the company were locked in an upper circuit of 20% for the day indicating increased buyer interest. The stock has delivered 43.5% returns for the year till date. Hence given such momentum, keep this stock in your radar.

3. V-Mart Retail Ltd (Rs 2,425)
   

   V-Mart Retail Ltd is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 12.8 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Intellect Design Arena Ltd (Rs 903)
   

   Intellect Global Consumer Banking (iGCB), part of Intellect Design Arena Ltd, unveiled its eMACH.ai Digital Engagement Platform at Money20/20 in Amsterdam. This codeless, unified, cloud-native platform aims to revolutionise banking customer engagement for Retail, SME, and Corporate sectors. It can coexist with older systems, enhancing flexibility. Consider adding this stock to your watchlist.

5. Heritage Foods Ltd (Rs 546.50)
   

   Shares of Heritage Foods Ltd closed up by 20% today, indicating heightened investor activity. The stock has reached a new 52-week high of Rs 546.50 and delivered a 1-year return of 169.21%. The company is engaged in the business of procurement and processing of Milk & Milk products and also generation of power through solar & wind for the captive consumption of its dairy plants. Given this positive development, it is advisable 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.