Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 10

On Tuesday, the market failed to sustain its record high from the opening trade, ending the day in the red. The Sensex saw a slight decline of 0.08%, closing at 74,683.71 points, while the Nifty also dropped by 0.1%, closing at 22,642.75 points.

Among the top gainers were Nifty Metal, Nifty Realty, Nifty Financial Services, and Nifty Bank, while Nifty Media, Nifty PSU Bank, Nifty Energy, and Nifty FMCG were among the sectors that performed poorly.

Notable gainers included Apollo Hospitals, Hindalco, and ICICI Bank, whereas Titan, Coal India, and Hero Motocorp were among the top losers in the Nifty 50 index.

In the broader market, Nifty Midcap experienced a slight decline of 0.29%, while Nifty Smallcap gained by 0.27%.

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

• Sharda Motor Industries Ltd (Rs 1,524.55)

Sharda Motor Industries Ltd is primarily engaged in the manufacturing and assembly of Auto Components and White Goods Components. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 19 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

• Cupid Ltd (Rs 133.65)

Cupid Ltd is in the business of dealing, marketing, and manufacturing rubber contraceptives and allied prophylactic products. The shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. Hence add this stock to the watchlist.

• Capacit’e Infraprojects Ltd (Rs 302.7)

Today, the shares of Capacit’e Infraprojects Ltd reached a new 52-week high price of Rs 307.95, signalling bullish momentum. The company is primarily engaged in the EPC business and provides turnkey solutions for housing, high rises, super high rises, specialty buildings, and urban infrastructure. Thus, add this stock to the watchlist.

• Anand Rathi Wealth Ltd (Rs 4072.10)

Anand Rathi Wealth Ltd is an AMFI registered mutual fund distributor and is one of the leading non-bank wealth solutions firms in India, being ranked amongst the top three non-bank mutual fund distributors in the country. The company is disclosing its Q4FY24 financial results on April 12, 2024. The shares of the company were up almost 9% for the day and made a new 52-week high of Rs 4,099. Given this positive development keep the stock in your watchlist.

• Shyam Metalics and Energy Ltd (Rs 619.20)

Shyam Metalics and Energy Ltd, the leading and fastest growing metals manufacturing company in India, is proud to announce the establishment of a new Stainless-Steel Hot Rolled Coils (HRC) facility at its existing plant in Sambalpur, Odisha as a part of its expansion plan already approved by the Board of Directors at its meeting held on July 27, 2023. The company is strategically positioning itself for accelerated growth and expansion in the Stainless-Steel market. Thus, keep this stock on your radar.

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.