Overnight Digest: Top 5 mid and small-cap stocks to watch out for November 28, 2023

The Nifty 50 kicked off the session with a steady opening at 19,809.6. Throughout the day, the market displayed a candle characterised by wicks on both ends and a small body, signalling a sense of indecision among investors.

The struggle to breach the 19,800 level persisted, evident in the charts. Notably, for the sixth consecutive session, Nifty closed within the high and low range observed during the November 16th trading session.

Analysing sectoral indices, the day witnessed Nifty Pharma and Nifty Metal emerging as the top-performing sectors. On the flip side, Nifty IT and Nifty FMCG played the role of significant draggers on market performance.

Shifting focus to broader market indices, Nifty Smallcap 100 and Midcap exhibited a relatively subdued performance, maintaining a flat trajectory.

Top 5 Mid and Small-Cap Stocks to Watch Out on Tuesday

Vascon Engineers Ltd (CMP Rs 75.10)

Vascon Engineers has announced plans through a press release to convene a board meeting. The agenda includes deliberation and approval of a proposal to raise funds by issuing Equity Shares or other eligible securities through permissible modes. The company, boasting a substantial total order book amounting to Rs 2,854 crore and a commendably low net debt of Rs 73 crore, can aim to utilize the raised capital strategically.

Welspun Living Ltd (CMP Rs 161.10) 

Welspun Living Limited, formerly known as Welspun India Limited declared its active participation in the United Nations Global Compact (UNGC) initiative. This strategic move reflects Welspun Living’s dedication to aligning its operations and strategies with the Ten Principles of UNGC, emphasizing ethical conduct, human rights, labour standards, and environmental sustainability. Thus, it is advised to add this stock to the watchlist.

Kirloskar Industries Ltd (CMP Rs 3470.15) 

Kirloskar Industries, operating in iron castings, investments (securities and properties), wind power generation, and real estate, experienced a noteworthy uptick, with the stock closing up by 5.2% today. The weekly volume witnessed a remarkable surge, exceeding 20 times the average. It’s essential to consider adding this stock to your watchlist, given its recent performance and potential market movements.

Man Infraconstruction Ltd (CMP Rs 186.65) 

Man Infraconstruction stock achieved its 52-week high of Rs 188.2 today. The stock has closed above the consolidation zone after making an indecisive candle signalling bullish sentiment. Man Infraconstruction Limited is an integrated EPC company with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments.

Kokuyo Camlin Ltd (CMP Rs 160.85) 

Kokuyo Camlin Ltd, experienced notable buying activity today, leading to the stock hitting the upper circuit. With a remarkable 25% return in the last 10 days, the stock emerges as a strong candidate for inclusion in your watchlist, signalling potential opportunities for investors.

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.