On Friday, the market displayed muted sentiment, yet the benchmark indices concluded on a positive note. The Sensex soared by 1.62% to 81,332.72, while the Nifty rallied by 1.76% to 24,834.85.
The broader market also saw substantial gains, with the Nifty Mid-cap closing up by 1.81% and the Nifty Small-cap increasing by 0.97%. Market volatility, as indicated by India VIX, reduced by 2.93%, closing below 13, reflecting a decrease in market volatility.
Within the sectoral landscape, Nifty Metal and Nifty IT emerged as top gainers, with no top losers reported. About 2,656 stocks advanced compared to 1,281 declining stocks, indicating a positive sentiment in the broader market.
Here is the list of the top 5 mid and small-cap stocks to watch
Affle India Ltd’s shares hit a new high at Rs 1,488.55 indicating strong upward momentum. With a 6.89% return in the past month, the company is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users. Add this stock to the watchlist.
One 97 Communications Ltd is India’s leading digital ecosystem for consumers as well as merchants. Shares of the company were locked in an upper circuit of 10% for the day indicating increased buyer interest. The stock has delivered a return of 24% in the past month. Hence given such momentum, keep this stock in your radar.
Dhunseri Investments Ltd operates as an investment company. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 50.19 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Shares of 20 Microns Ltd closed up by 17.22% today, indicating heightened investor activity. The stock has delivered a year-to-date return of 45% and reached a new 52-week high of Rs 262.08. The company is in the business of Industrial Micronised Minerals and Speciality Chemicals. It is advisable to keep this stock on your watchlist.
B.L. Kashyap and Sons Ltd, one of the leading Civil Engineering and Construction
Company has secured new orders aggregating to Rs 160 Crores approx. The total orderbook as on date stands at Rs 3383 Crores. The company has delivered year till date returns of 56%. 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. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Jul 26, 2024, 8:00 PM IST
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