Overnight Digest: Top 5 Mid and Small-Cap Stocks To Watch Out On Monday – November 20, 2023

The Nifty50 commenced the day with a flat to negative opening at 19,674.75, reaching a high of 19,806.00 but struggling to sustain above the crucial 19800 level. A pullback from the day’s high was witnessed, leading to a week-ending figure of 19,731.8, down 33.4 points (-0.17%) from the last session close.

Top gainers for the day included SBI Life, Apollo Hospitals, HDFC Life, Hero Motocorp, and Larsen and Toubro (L&T), while State Bank of India, Axis Bank, ONGC, Bajaj Finance, and BPCL emerged as the top losers.

Sector-wise, Nifty Pharma and Nifty Healthcare emerged as the top-moving sectors, while Nifty PSU Bank Index and Nifty Bank faced notable declines due to the RBI directive to banks, impacting the growth trajectory.

In broader market indices, Nifty Smallcap 100 nominally closed up 0.09%, and Nifty Midcap 100 closed up 0.20%.

Top 5 mid and small-cap stocks to watch out for on Monday, November 20, 2023:

1. Tata Investment Corporation Ltd (CMP: Rs 3905.15): Breaking out of its consolidation range today, this stock garnered significant buying interest, surging by 20% and hitting the upper circuit. The trading volume spiked by over 50 times, making it a robust contender for your watchlist.
2. Allcargo Terminals Ltd (CMP: Rs 52.60): Achieving its 52-week high at Rs 53.95 today, this stock boasts a relatively low PE of 22 compared to most peers. Consider adding this stock to your watchlist.
3. CFF Fluid Control Limited (CMP: Rs 448): Once again, the company has secured a contract for procuring spares for the TWA MCA 62.5 System, totalling approximately Rs 2.12 crore (including tax). add this stock to the watchlist
4. ISGEC Heavy Engineering Ltd (CMP: Rs 848.10): Touching its 52-week high of Rs 869 today with a substantial surge in volume, this stock exhibits a TTM profit growth of 98% and a 64% return over the last year. A potential watchlist stock.
5. ESAF Small Finance Bank Ltd (CMP: Rs 68): Get ready to add this stock to your watchlist as the company gears up for its Q2FY2024 results release on November 18. With an impressive 26% sales and profit growth over the past 3 years, coupled with an impressive 11% ROE over 3 years, this stock is one to keep a close eye on.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.