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

On Monday, the stock market ended the day with record highs in a session where trading remained within a narrow range. The Sensex, one of the key benchmark indices, edged slightly higher by 0.09% to close at 73,872.29 points, marking its third consecutive record close. Similarly, the Nifty, another important index, also saw a modest gain of 0.12% to reach 22,405.60 points. The combined market capitalisation of companies listed on the BSE reached a record high, nearing Rs 400 lakh crore.

Among individual stocks, NTPC, HDFC Life, and Power Grid showed notable gains, while Eicher Motors, JSW Steel, and M&M faced losses within the Nifty 50 index. In terms of sectoral performance, Nifty Energy, Nifty Financial Services, and Nifty Bank were among the top performers, while Nifty Media, Nifty IT, and Nifty Auto experienced declines.

The broader market saw a mixed performance, with Nifty Midcap registering a slight increase of 0.19%, while Nifty Smallcap dipped by 0.51%.

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

• JSW Holdings Ltd (Rs 6,814.8)
  

  JSW Holdings Ltd is a core investment company (CIC) and is primarily engaged in the business of investing and financing. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 23 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

• Azad Engineering Ltd (Rs 235.2)
  

  Azad Engineering Ltd is a manufacturer of aerospace components and turbines and supplies its products to original equipment manufacturers (OEMs) in the aerospace, defence, energy, and oil and gas industries. The shares of the company were locked in an upper circuit of 5% for the day and have delivered returns of 101% year to date indicating bullish momentum. Hence add this stock to the watchlist.

• TD Power Systems Ltd (Rs 329)
  

  Shares of TD Power Systems Ltd reached a new 52-week high price of Rs 334.6 today. The company is engaged in manufacturing AC generators and Electric motors for various applications which are specifically designed to suit the needs of the customers based on their requirements and specifications. Keep this stock on your watchlist.

• Easy Trip Planners Ltd (Rs 48)
  

  Easy Trip Planners Ltd, one of India’s largest online travel tech platforms, has partnered with Punjab National Bank (PNB), the nation’s leading public sector bank, to launch “PNB EMT Credit Card”. This power-packed co-branded travel credit card is aimed at mass to premium customer segments and has been meticulously designed to offer a variety of rewards for Indian travellers.

• Brigade Enterprises Ltd (Rs 1,000)
  

  Brigade Group has announced the launch of Dioro at Brigade El Dorado, at its 50-acre township, Brigade El Dorado, on March 2, 2024. The project size is around 6.1 million square feet. The company has pegged the potential revenue value of Dioro at Brigade El Dorado, spread over half a million square feet, comprising 525 two-bedroom and three-bedroom units in two towers, at around Rs 380 crores.

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.