Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 15

Wednesday saw the stock market ending positively, with key indices showing gains. The Sensex, India’s benchmark index, closed 0.46% higher at 73,097.28, while the Nifty, another key index, surged by 0.68% to close at 21,146.65

Adani Enterprises, Adani Ports, and Hero Motocorp were among the top performers, while Axis Bank, IndusInd Bank, and JSW Steel faced losses.

In terms of sector performance, Nifty Metal, Nifty IT, Nifty Media, and Nifty Energy witnessed gains, whereas Nifty Bank and Nifty Financial Services were among the losers

Additionally, BSE-listed companies recovered 65% of the market capitalization lost the previous day, showing an increase of Rs 9 lakh crore.

Moreover, broader market indices also showed significant improvements. The Nifty Midcap index rose by 2.02%, and the Nifty Smallcap index saw a remarkable surge of 3.45%. Overall, Wednesday’s trading session ended on a positive note, with gains across various sectors and market segments.

Here is the list of the top 5 mid and small-cap stocks to watch

1. Indian Hume Pipe Company Ltd (Rs 1,129.75)

   Indian Hume Pipe Company Ltd is in the business of manufacturing, laying and joining of pipelines. The Company has also been undertaking infrastructure development programmes by way of execution on turnkey basis the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 15 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Jupiter Wagons Ltd (Rs 32)

   Jupiter Wagons Ltd is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. The shares of the company were locked in an upper circuit of 10% for the day indicating bullish momentum. Hence add this stock to the watchlist.

3. Cigniti Technologies Ltd (Rs 1,205.15)

   Shares of Cigniti Technologies Ltd reached a new 52-week high price of Rs 599.70 today. The company is engaged in providing quality engineering & software testing services to clients across various industries. Thus keep this stock on the watchlist.

4. CFF Fluid Control Ltd (Rs 426)

   CFF Fluid Control Ltd is primarily engaged in the business of manufacturing and servicing shipboard machinery. The company has received the Biennial Rate Contract for Engineering Work for Project-MRLC-2 INS SHANKUSH from Mazagon Dock Shipbuilders Limited totalling to approx. Rs 46.46 crores. Given this development keep the stock in your watchlist

5. Mukka Proteins Ltd (Rs 36.4)

   Mukka Proteins Ltd manufactures fish protein products like fish meal, fish oil, and fish soluble paste. Today the company has received purchase orders worth of Rs 15.25 crores, from Avanti Feeds Ltd for supply of fish oil. Thus keep this stock in your watchlist

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.