Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 20

On Tuesday, the main stock market indices ended the day on a negative note. The Sensex dropped by 1.08 percent to close at 72,012.05, while the Nifty fell by the same percentage, ending the day at a monthly low of 21,817.45.

Among the Nifty 50 stocks, Bajaj Finance, Bajaj Auto, and Kotak Bank saw gains, while BPCL, TCS, and Cipla suffered losses. TCS experienced its biggest single-day decline in two years following a Rs 9,000 crore block deal.

All major sectors performed poorly, with the Nifty IT, Nifty Media, Nifty Pharma, and Nifty FMCG sectors being the top losers.

The broader market also saw significant declines, with the Nifty Midcap falling by 1.24 percent and the Nifty Smallcap plunging by 1.19 percent.

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

1. IOL Chemicals & Pharmaceuticals Ltd (Rs 403.45)

   IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 41 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Jubilant Industries Ltd (Rs 1,276.3)

   Jubilant Industries Ltd is engaged in the business of Manufacturing Agri Products and Performance Polymers through its wholly owned subsidiary Jubilant Agri and Consumer Products Limited. The shares of the company were locked in an upper circuit of 5% for the day indicating bullish momentum. Hence add this stock to the watchlist.

3. The Anup Engineering Ltd (Rs 3,272.2)

   Today again, The shares of The Anup Engineering Ltd reached a new 52-week high price of Rs 3,325. The company manufactures Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges and Formed Components. Hence, Keep this stock in your watchlist.

4. Walchandnagar Industries Ltd (Rs 196.35)

   Walchandnagar Industries Ltd is a Heavy Engineering and Project execution company and has diversified business offerings across core sectors with focus on EPC / Turnkey Projects, Hi Tech Manufacturing, Engineering Products and Engineering Services. Today in a press release the company disclosed names of 33 warrant holders among which name of an an Ace Investor Ashish Kacholia has appeared. Given this development keep the stock in your watchlist

5. Triveni Turbine Ltd (Rs 488.35)

   Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. The stock also has seen a volume surge by 14 times its weekly average and has closed up 5.82% for the day. One year return of the stock is around 62% which indicates bullish momentum in the stock. Thus keep this stock in 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.