Overnight Digest: Top 5 Mid and Small-cap Stocks to Watch out for May 6

On Friday, the market witnessed a significant downturn, marking its largest intraday fall in two months. Profit booking at record levels led to a substantial decline, with the Sensex dropping by 0.98% and closing at 73,878.15 points, while the Nifty also plunged by 0.76% and closed at 22,475.85 points. Both indices were approximately 1.5% off their recent highs.

Among major sectors, only Nifty Pharma managed to close positively, while Nifty Realty, Nifty IT, Nifty Auto, and Nifty PSU Bank emerged as the top losers.

In terms of individual stocks, Coal India, Grasim, and ONGC were among the top gainers, whereas L&T, Maruti, and Nestle India were among the top losing stocks from the Nifty 50.

In addition, the broader market saw moderate losses, with the Nifty Midcap falling by 0.35% and the Nifty Smallcap plummeting by 0.49%.

Overall, the sharp decline in the market, coupled with increased volatility and negative sentiment, suggests a cautious outlook among investors.

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

AVT Natural Products Ltd (Rs 98.95)

AVT Natural Products Ltd is engaged in the business of manufacturing plant-based extracts and natural ingredients solutions for the food, beverage, animal nutrition and nutraceutical industries of the world. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 44 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

Talbros Automotive Components Ltd (Rs 307.95)

Talbros Automotive Components Ltd is engaged in the business of manufacturing Gaskets and forging. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 39% return since recent low made on March 14, 2024. Hence given such momentum, keep this stock in your radar.

Piramal Pharma Ltd (Rs 151.05)

Today, the shares of Piramal Pharma Ltd reached a new 52-week high price of Rs 153.90, signalling bullish momentum. The company is part of the Piramal group of companies. The company operates through 3 major segments Contract development and manufacturing organisations, Complex hospital generics, and consumer healthcare. Add this stock to the watchlist.

Marsons Ltd (Rs 52.28)

Consider adding Marsons Ltd to your watchlist for tomorrow. The company is engaged in manufacturing of transformers in the capacity range of 100 MVA 132KV class. Today the company disclosed receipt of orders worth over 9 Cr from various N011h Eastern States under the ROSS scheme. With the receipt of this order, Marsons has further strengthened its foothold in the Nunh Eastern region.The company has a market cap of Rs 730 crore only.

The Anup Engineering Ltd (Rs 1,838.55)

The Anup Engineering Ltd manufactures Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges and Formed Components. The company is set to release its Q4FY24 results on Saturday. The stock closed up by 1.6% today. 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.