Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 13

On Tuesday, the Sensex and Nifty ended the day with little change, remaining close to the flatline. The Sensex edged up by 0.22%, reaching a closing level of 73,667.96, while the Nifty saw a marginal uptick of just 0.01%, closing at 22,335.70

Notable movers in the Nifty 50 included HDFC Bank, TCS, and LTIMindtree, which gained ground, while Adani Enterprises, Cipla, and Grasim faced losses. Additionally, BSE-listed companies collectively shed more than Rs 4 lakh crore in market capitalization on Tuesday, reflecting a widespread downturn.

The NSE advance-decline ratio stood at 1:6, indicating a notable imbalance in favour of declining stocks. Interestingly, the Nifty IT and Nifty Financial Services sectors were the only major sectors to end the day in positive territory, while Nifty Realty, Nifty PSU Bank, Nifty Media, and Nifty Metal sectors were among the top losers, experiencing substantial declines.

However, the broader market witnessed significant declines, with the Nifty Midcap plunging by 1.41% and the Nifty Smallcap plummeting by 1.98%.

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

HEG Ltd (Rs 1,808.85)

HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrode plant in the world. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 7.5 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

Sanghi Industries Ltd (Rs 108.95)

Sanghi Industries Ltd is engaged in the manufacturing and marketing of cement and cement products in domestic and export markets. The shares of the company were locked in an upper circuit of 10% for the day indicating bullish momentum. Hence add this stock to the watchlist.

Quick Heal Technologies Ltd (Rs 579)

Shares of Quick Heal Technologies Ltd reached a new 52-week high price of Rs 599.70 today. The company is engaged in the business of providing security software products. The Company caters to both domestic and international markets. Thus keep this stock on the watchlist.

Ramco Cements Ltd (Rs 808.5)

Today, Prime Minister Shri. Narendra Modi virtually launched Ramco Cements’ Gati Shakti Cargo Terminal project in Andhra Pradesh. This unique initiative involves transporting crushed limestone from the company’s mines to its cement plant using railway wagons and electric locomotives, marking a pioneering effort in eco-friendly transportation.

eMudhra Ltd (Rs 612.4)

eMudhra Ltd is a licensed certifying authority involved in issuing digital signature certificates in India under its eMudhra brand. The stock reached its 52-week high price of Rs 624.35 and has delivered 36.07% year-to-date returns making it a potential watchlist 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.