Overnight Digest: Top 5 mid and small-cap stocks to watch out for June 7

On Thursday, the market continued to recover from Wednesday’s losses, with BSE-listed companies collectively gaining Rs 8 lakh crore in market capitalization, bringing the total market cap to Rs 416 lakh crore.

The Sensex rose by 0.93%, closing at 75,074.51, while the Nifty climbed by 0.89%, closing at 22,821.40.

Among sectors, real estate, media, public sector banks, and IT saw the most significant gains, while FMCG and pharmaceuticals experienced losses.

Leading gainers included HCL Technologies, Tech Mahindra, and SBI Life, while Hindalco, Hero Motocorp, and Hindustan Unilever were among the top losers.

Positive sentiment prevailed in the market, with 1837 stocks advancing compared to 283 declining stocks. The broader market also saw substantial gains, with the Nifty Midcap rising by 2.24% and the Nifty Smallcap surging by 3.29%.

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

1. Va Tech Wabag Ltd (Rs 1,084)
   

   Va Tech Wabag Ltd’s shares hit a new high at Rs 1,087, indicating strong upward momentum. With a 11.54% return in the past week, the company is engaged in the business of water treatment field. Its principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants. Add this stock to the watchlist.

2. Himadri Speciality Chemicals Ltd (Rs 340.30)
   

   Himadri Speciality Chemicals Ltd is primarily engaged in the manufacturing of carbon materials and chemicals. It is the No.1 coal pitch manufacturer in India and is the only company to manufacture advanced carbon material in India. It is also the largest player of Naphthalene and SNF in India. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence given such momentum, keep this stock in your radar.

3. Sequent Scientific Ltd (Rs 120.50)
   

   Sequent Scientific is India’s leading animal health company, with presence in 5+ continents across 100 countries. The company provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries. Shares of the company closed up by almost 17% and experienced a significant surge in trading volume today, surpassing its weekly average by 10 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Mastek Ltd (Rs 2,580.10)
   

   Mastek Ltd, a trusted digital engineering and cloud transformation partner, today announced it is advancing its icxPro platform with NVIDIA accelerated computing. Offering the next generation of customer experience solutions powered by AI, icxPro has demonstrated a 20% return on capital employed in the Manufacturing sector, with massive potential in the BFSI and Healthcare sectors. The launch of icxPro marks a significant stride in Mastek’s non-linear growth strategy. Consider adding this stock to your watchlist.

5. Heritage Foods Ltd (Rs 601.15)
   

   For the second consecutive day, Shares of Heritage Foods Ltd closed up by 10% today, indicating heightened investor activity. The stock has reached a new 52-week high of Rs 601.15 and delivered 54.2% weekly returns. 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 momentum in the stock, 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.