Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 26

On Friday, the Market recovers from opening lows to end near the day’s high. The Sensex, a key benchmark, rose by 0.26% and closed at a level of 72,831.94. Similarly, the Nifty, another important index, gained by 0.39% and closed at 22,096.75.

In terms of sectors, Nifty Auto, Nifty Realty, and Nifty Media performed well, while Nifty IT lagged.

Among individual stocks, Hero Motocorp, Maruti, and Sun Pharmaceuticals were the top gainers, while Infosys, Wipro, and LTI Mindtree were among the top losers in the Nifty 50 index.

The broader market also saw significant gains, with the Nifty Midcap rising by 0.59% and the Nifty Smallcap increasing by 0.64%.

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

Laxmi Organic Industries Ltd (Rs 245)

Laxmi Organic Industries Ltd was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid, and Diketene Derivative Products (DDP). The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 25 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

Bajel Projects Ltd (Rs 204.8)

Bajel Projects Ltd is in the business of Engineering, Procurement and Construction. BPL is a carved-out legal entity from Bajaj Electricals Ltd. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence add this stock to the watchlist.

Salzer Electronics Ltd (Rs 866.95)

Today, the shares of The Salzer Electronics Ltd reached a new 52-week high price of Rs 879, signalling bullish momentum. The company is engaged in offering Total and Customised Electrical Solutions in switchgear, Wires & Cables, and Energy Management business. Thus, add this stock to the watchlist.

Dynacons Systems and Solutions Ltd (Rs 800.45)

Dynacons Systems and Solutions Ltd, a leading name in the realm of technology solutions, proudly announces that its Chairman cum Managing Director, Mr. Shirish Anjaria, has been bestowed with the prestigious “Most Promising Business Leaders of Asia” award at the 8″ edition of the Times Now Asian Business Leaders Conclave hosted by ET Edge. Given this development keep the stock in your watchlist

Walchandnagar Industries Ltd (Rs 210.1)

Walchandnagar Industries Ltd is a Heavy Engineering and Project execution company and has diversified business offerings across core sectors with a focus on EPC Turnkey Projects, Engineering Products, and Engineering Services. The stock has been consistently rising, hitting the upper circuit for two consecutive days and delivering a return of 10.17%. Over the past year, the stock has seen an impressive return of around 276.86%, indicating strong bullish momentum. It’s advisable to keep this stock on a 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.