Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 22

On Friday, the market saw a strong rebound despite geopolitical tensions, ending a four-day losing streak. The Sensex rose by 0.83% to close at 73,088.33, while the Nifty gained 0.7% to close at 22,149.80.

The top gainers included Nifty Financial Services, Nifty Bank, and Nifty Metal, while Nifty Media, Nifty Realty, Nifty Pharma, and Nifty IT were the top losers.

Bajaj Finance, M&M, and Maruti performed well, while Bajaj Auto, HCL Technologies, and Nestle India saw losses.

However, the broader market underperformed, with Nifty Midcap falling by 0.61% and Nifty Smallcap marginally declining by 0.14%. Advancing stocks were outnumbered by declining ones, indicating negative sentiment in the broader market.

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

• Mahindra Logistics Ltd (Rs 454.65)

Mahindra Logistics Ltd is an integrated logistics & mobility solutions provider. The company offers Supply Chain expertise to diverse industry verticals such as Automotive, Engineering, Consumer Goods, Pharmaceuticals, Telecommunications, Commodities, and E-commerce. The company is set to release its Q4FY24 financial results on April 22. Thus, keep this stock in your radar.

• Kaveri Seed Company Ltd (Rs 756.8)

Kaveri Seed Company Ltd is engaged into research, production, processing, and marketing of various high quality hybrid seeds. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 29 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

• The Hi-Tech Gears Ltd (Rs 1,163.45)

The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components. shares of the company were locked in an upper circuit of 10% for the day indicating increased buyer interest. The stock has delivered 118.90% return in past 1 month. Hence given such price momentum, keep this stock in your radar.

• Dynacons Systems & Solutions Ltd (Rs 1,440.95)

Today, the shares of Dynacons Systems & Solutions Ltd reached a new 52-week high price of Rs 1,468.8, signalling bullish momentum. The company provides IT infrastructure-related activities. Add this stock to the watchlist.

• Sterling and Wilson Solar Ltd (Rs 561.50)

Sterling and Wilson Solar Ltd is one of the leading end-to-end solar engineering, procurement, and construction (EPC) solutions provider globally and is also engaged in the operation and maintenance (O&M) of solar power projects. The company is set to release its Q4FY24 results on Saturday and the stock closed up 4.2% for the day. 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.