On Wednesday, Market extends opening gains to end the session at a record high. Sensex saw a moderate rise today increasing by 0.47% and closing at 75,038.15 points, while Nifty also climbed by 0.49% to reach 22,753.80 points.
Among the top gainers were sectors like Nifty Media, Nifty PSU Bank, Nifty FMCG, and Nifty Metal, while Nifty Pharma and Nifty Auto faced underperformance.
In terms of individual stocks, Coal India, BPCL, and Kotak Bank saw gains, while HDFC Life, Cipla, and Divi’s Laboratories experienced losses.
The broader market showed positive movement, with Nifty Midcap rising by 0.97% and Nifty Smallcap gaining 0.73%. The market sentiment appeared positive, with 1099 stocks advancing compared to 1006 stocks declining.
Here is the list of the top 5 mid and small-cap stocks to watch
Today, Global Aviation software specialist, Ramco Systems Ltd announced its strategic engagement with Korean Air, a flag carrier of South Korea and its largest airline, to implement its flagship aviation software, Ramco Aviation Suite at Korean Air’s Engine Maintenance Center. Following this news, the shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 30 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
The Sandur Manganese & Iron Ores Ltd, the flagship company of the Karnataka-based Sandur Group, is involved in the mining of low-phosphorous manganese and iron ore in the Hosapete Ballari region of Karnataka. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered almost 30% returns after making a low on March 12. Hence given such price momentum, keep this stock on your radar.
Today, the shares of Jubilant Ingrevia Ltd reached a new 52-week high price of Rs 554.25, signalling bullish momentum. The company is a global integrated Life Science products and Innovative Solutions provider serving, Pharmaceutical, Nutrition, Agrochemical, Consumer, and Industrial customers. The company also announced the commissioning of a new facility at its manufacturing site for Diketene derivatives in Uttar Pradesh. Thus, add this stock to the watchlist.
Cupid Ltd is in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products. In a positive start to Q1 FY25, the company has confirmed that it has today signed a lucrative agreement to supply its products in Brazil. The total value of the supplies will be equivalent to Rs 23.07 crores. The shares of the company have delivered 10.67% returns in the past 1 week. Therefore, given such positive developments, keep the stock on your watchlist.
PVR INOX Ltd, the largest and the most premium cinema exhibitor in India has today announced the opening of its new 9-screen multiplex in the city of Kochi, Kerala. With this launch, PVR INOX Ltd now operates the largest multiplex network with 1,727 screens across 360 properties in 113 cities (India and Sri Lanka). Thus, keep this stock on your radar.
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.
Published on: Apr 10, 2024, 6:35 PM IST
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