Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 30

On Wednesday, the market weakened ahead of election results, primarily due to poor performance in financial stocks like ICICI, HDFC Bank, and RIL.

Sensex dropped by 0.89%, closing at 74,502.90, while Nifty fell by 0.8%, closing at 22,704.70.

Nifty Pharma, Metal, and Media sectors gained, while Financial Services, Bank, and IT sectors underperformed.

Top gainers included Hindalco, Power Grid Corporation, and Divi’s Laboratories, while HDFC Life, SBI Life, and Tata Consumer Products were among the top losers.

856 stocks advanced compared to 1251 declining, signaling negative sentiment. Nifty Midcap fell by 0.32%, while Nifty Smallcap rose by 0.06%.

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

1. Titagarh Rail Systems Ltd (Rs 1,399)
   

   Titagarh Rail Systems Ltd’s shares hit a new high at Rs 1,413.20, indicating strong upward momentum. With a 33.27% return in the past month, the company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export markets. Add this stock to the watchlist.

2. Netweb Technologies India Ltd (Rs 2,234.70)
   

   Netweb Technologies India Ltd is one of India‘s leading high-end computing solutions providers, with fully integrated design and manufacturing capabilities. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered year till date returns of whopping 85.45%. Hence given such momentum, keep this stock in your radar.

3. Campus Activewear Ltd (Rs 293.60)
   

   Campus Activewear Ltd is one of India’s largest sports and athleisure footwear brands in terms of value and volume. The company manufactures and distributes a variety of footwear like Running Shoes, Walking Shoes, Casual Shoes, Floaters, Slippers, Flip Flops, and Sandals, available in multiple colors, styles, and at affordable prices. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 53 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

4. Yatra Online Ltd (Rs 129.85)
   

   Today, Yatra Online Ltd unveiled an expense management solution for businesses, simplifying travel and non-travel spending. Utilizing advanced tech like GenAI Large Language Models, it ensures precision. Integrated with a chatbot for ease, it highlights Yatra’s commitment to innovation. Keep this stock in your watchlist.

5. TBO Tek Ltd (Rs 1416)
   

   TBO Tek Ltd operates an online B2B travel distribution platform that provides a wide range of offerings and connects Buyers and Suppliers. Being listed recently, The company is set to release its Q4FY24 results tomorrow .Given this positive development, it is prudent to closely monitor the 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.