Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 1

On Thursday, the market closed with gains but retreated from its peak levels, mainly due to the monthly expiry causing a sudden decline in the final hour of trading. The Sensex rose by a notable 0.93% to finish at 73,651.35, while the Nifty also climbed by 0.92% to reach 22,326.90.

In the broader market, the Nifty Midcap saw a moderate uptick of 0.5%, and the Nifty Smallcap edged slightly higher by 0.04%.

Except for the Media sector, all other indices recorded gains, with the PSU and Pharma sectors leading the way. Notably, 44 out of the 50 Nifty stocks closed in positive territory.

Key gainers included Nifty PSU Bank, Nifty Auto, Nifty Metal, and Nifty Pharma, while Nifty Media was the lone sector to lag behind.

Among individual stocks, Bajaj Finserv, Grasim, and Hero Motocorp stood out as top performers, while Axis Bank, Reliance, and Tech Mahindra were among the notable decliners in the Nifty 50 index.

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

1. VIP Industries Ltd (Rs 525.50)
   

   VIP Industries Ltd is engaged interalia, in the business of manufacturing and marketing of luggage, bags, and accessories. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 26 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. GOCL Corporation Ltd (Rs 454.6)
   

   GOCL Corporation Ltd is engaged in the business of Energetics, Mining & Infrastructure Services, and Realty. The shares of the company were locked in an upper circuit of 20% for the day indicating increased buyer interest. Hence add this stock to the watchlist.

3. Dynacons Systems and Solutions Ltd (Rs 1,027.80)
   

   Today, the shares of The Dynacons Systems and Solutions reached a new 52-week high price of Rs 1,087, signalling bullish momentum. The company is engaged in IT infrastructure-related activities, Thus add this small-cap IT company to the watchlist.

4. Muthoot Microfinance Ltd (Rs 1,480.45)
   

   Muthoot Microfin Ltd, a leading Indian microfinance institution, has announced a syndicated social term loan of USD 75 million in the form of an ECB (External Commercial Borrowing). The long-term nature of this funding not only enhances the company’s Asset and Liability Management (ALM) position but also significantly reduces the cost of funds. Leveraging the Secured Overnight Financing Rate (SOFR) for funding ensures a cost advantage over domestic bank funding. Given this development keep the stock on your watchlist

5. Talbros Automotive Components Ltd (Rs 260.5)
   

   Talbros Automotive Components Ltd is engaged in the business of manufacturing Gaskets and forging. The stock has been consistently rising, hitting the upper circuit for two consecutive sessions and delivering a return of 10.24%. Over the past year, the stock has seen an impressive return of around 233.97 %, indicating strong bullish momentum. It’s advisable to keep this stock in the 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.