On Tuesday, the main stock market indices ended the trading day on a high note. The Sensex rose moderately by 0.45% to close at 73,104.61 points, while the Nifty gained 0.51% to close at 22,217.85 points.
The Nifty Metal, Nifty Auto, and Nifty Energy sectors closed with gains, while Nifty FMCG and Nifty Pharma sectors saw losses.
Top gainers in the Nifty 50 included Adani Enterprises, M&M, and Hero Motocorp, while top losers were Cipla, TCS, and Nestle India.
Market sentiment was positive with about 1643 stocks advancing compared to 470 declining ones. The broader market also saw significant gains, with the Nifty Midcap rising by 0.98%, and the Nifty Smallcap surging by 2.03%.
Here is the list of the top 5 mid and small-cap stocks to watch
Gujarat Themis Biosyn Ltd manufactures and sells finished Active Pharmaceutical Ingredients products by fermentation process. The Board of Directors at its meeting held today gave green light to issue of 1 Bonus Shares for every 2 Equity Shares held by the Equity Shareholders of the Company as on Record Date which will be discussed further. The Bonus Issue of Equity Shares is subject to the approval of the shareholders and other applicable statutory and regulatory approvals, as may be required. Hence, given such development it warrants the inclusion tomorrow’s watchlist
Alembic Ltd is engaged in the businesses of Pharmaceuticals, Real Estate, and Power Assets. The company was started in 1907 as the flagship company of the Alembic Group. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 44 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Jyoti CNC Automation Ltd is a leading manufacturer of simultaneous 5-axis CNC machines in India, with a 10% market share in the country. It has years of expertise in designing & manufacturing tools for companies in Aerospace, Defence, Auto Components, General Engineering and other industries Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 136% return in the year till date. Hence given such momentum, keep this stock in your radar.
Today, the shares of H.G. Infra Engineering Ltd reached a new 52-week high price of Rs 1,418 signalling bullish momentum. The company is engaged in the business of Engineering, Procurement and Construction (EPC) Services, Maintenance of roads, bridges, flyovers and other infrastructure contract works. Add this stock to the watchlist.
Paradeep Phosphates Ltd is a manufacturer of non-urea fertilizers and India’s second largest private sector phosphatic company. The company is engaged in manufacturing, trading, distribution, and sales of a variety of complex fertilizers The company is set to release its Q4FY24 results tomorrow and the stock has closed up by 2.78% 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 14, 2024, 6:22 PM IST
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