On Friday, the Sensex and Nifty ended the day with minimal changes following the Reserve Bank of India’s decision to maintain the status quo on policy. The Sensex edged up slightly by 0.03%, closing at 74,248.22 points, while the Nifty closed flat at 22,513.70 points.
Among sectors, Nifty Realty, Nifty Bank, Nifty Financial Services, and Nifty PSU Bank saw gains, while Nifty IT, Nifty Media, Nifty Auto, and Nifty Energy lagged.
Top gainers in the Nifty 50 index included Kotak Bank, SBI Life, and HDFC Bank, while Ultratech Cement, Grasim, and Bajaj Auto were among the top losers.
In the broader market, Nifty Midcap saw a moderate increase of 0.56%, while Nifty Smallcap surged by 0.84%. The Midcap index continued its outperformance, marking its 10th consecutive day of gains. Market breadth favoured advances, with an advance-decline ratio of 3:2.
Here is the list of the top 5 mid and small-cap stocks to watch
ASAL mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles these products account for more than 95% of the total revenue. 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.
Jai Balaji Industries Ltd is engaged in the manufacturing of Iron and Steel products. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence add this stock to the watchlist.
Today, the shares of NCC Ltd reached a new 52-week high price of Rs 278.05, signalling bullish momentum. The company is in the business of manufacturing and marketing Calcined Petroleum Coke. Thus, add this stock to the watchlist.
Greaves Cotton is engaged in the manufacturing of engines, engine applications, and trading of power tillers, spares related to engines, electric vehicles, infrastructure equipment, etc. Today the company entered into a Technology Transfer Agreement with Tsuyo to manufacture components designed for Low-Speed 3-wheelers. The partnership aims to strengthen Greaves Cotton’s innovation capabilities and enhance production efficiency in the electric L3 vehicle segment. Given this development keep the stock on your watchlist
Sun Pharma Advanced Research Company Ltd is engaged in the business of research and development (R&D) of pharmaceutical products. The stock has been consistently rising, hitting the upper circuit for two consecutive days, and delivering a return of 18.2% in the past 5 days. Over the past year, the stock has seen an impressive return of around 132%, indicating strong bullish momentum. It’s advisable to keep this stock on a
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 5, 2024, 6:37 PM IST
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