On Monday, the main stock market indices ended the day with slight gains. The Sensex went up by 0.15% to reach 72,776.14 points, while the Nifty increased by 0.22% to close at 22,104.05 points.
In terms of sectors, pharmaceuticals, metals, and real estate showed positive movements, while automobile, public sector banks, and energy sectors experienced declines.
Among individual stocks in the Nifty 50 index, Cipla, Asian Paints, and Adani Ports saw notable increases, whereas Tata Motors, BPCL, and Shriram Finance faced losses.
In the broader market, there were more declining stocks than advancing ones, but overall sentiment remained positive. The Nifty Midcap index rose by 0.41%, while the Nifty Smallcap index dropped by 0.43%.
Here is the list of the top 5 mid and small-cap stocks to watch
KDDL manufactures watch components like dials, hands and precision engineering goods under the brand name, Eigen. The company is expected to release its Q4FY24 results on May 14, 2024. The stock has closed up by 1.36% today indicating positive pre result sentiments. The stock has delivered 109.3% returns in past 1 year. Hence, such developments warrant the inclusion of this stock in tomorrow’s watchlist
D-Link India Ltd is primarily engaged in marketing and distribution of networking products. It operates through a distribution network with a wide range of product portfolio and solutions with a nationwide reach across India. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 18.6 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Bharat Wire Ropes Ltd is engaged in the business of manufacturing Steel Wire, Wire Ropes, Strands and Slings. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 66% return in 1 year. Hence given such momentum, keep this stock in your radar.
Today, the shares of Tejas Networks Ltd reached a new 52-week high price of Rs 1,219 signalling bullish momentum. The company designs and manufactures wireline and wireless networking products, with a focus on technology, innovation and R&D. Add this stock to the watchlist.
Eco Recycling Ltd (Ecoreco) is the India’s 1st and leading E-waste management company, offering end-to-end solutions of Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), Recycling of E-waste, Lamp Recycling, Precious Metal Recovery, implementation of EPR and CSR initiatives, Recycling on Wheels-SmartER. The company is set to release its Q4FY24 results tomorrow and the stock has closed up by 1.4% today. 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. 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: May 13, 2024, 5:43 PM IST
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