Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 26

On Wednesday, the market bounced back from its early lows and ended the session near the day’s high. It marked the fifth consecutive session of gains, the longest winning streak in two months.

The Sensex rose by 0.66% to close at 74,339.44, while the Nifty climbed by 0.75% to 22,570.35. Market volatility, as measured by India VIX, increased by 4.43%.

Nifty PSU Bank, Pharma, Auto, and Metal sectors saw gains, while Realty lagged.

Top gainers included Axis Bank, SBI, and Dr. Reddy’s Laboratories, while Kotak Bank, LTI Mindtree, and Hindustan Unilever were among the top losers.

Overall, market sentiment was positive, with more stocks advancing than declining. The broader market also saw moderate gains, with Nifty Midcap up by 0.4% and Nifty Smallcap by 0.8%.

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

• Godfrey Phillips India Ltd (Rs 3,449.70)
  

  Godfrey Phillips India Ltd is one of the leading FMCG Companies in It also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand cigarettes in India. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 18 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

• Bajel Projects Ltd (Rs 282.15)
  

  Bajel Projects Ltd is in the business of Engineering, Procurement and Construction. It’s EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 35.65% return in past 1 month. Hence given such momentum, keep this stock in your radar.

• Jupiter Wagons Ltd (Rs 419.55)
  

  Today, the shares of Jupiter Wagons Ltd reached a new 52-week high price of Rs 442.40, signalling bullish momentum. The company is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. Add this stock to the watchlist.

• Meson Valves India Ltd (Rs 861.15)
  

  Meson Valves India Ltd, a supplier of valves, actuators, Strainers, and remote-control valve systems to industries, has secured a significant agreement with Georg Schunemann GmHH of Germany. This deal allows Meson Valves exclusive access to expertise in specialist valves for industrial, marine, and defence applications. With support from Georg Schunemann GmHH, Meson Valves aims to boost ‘Make in India’ initiatives and expand into diverse sectors like Aerospace, Water Treatment, and Automotive. Thus, keep this stock in your radar.

• Shakti Pumps India Ltd (Rs 1,840.75)
  

  Shakti Pumps India Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. The company is set to release its Q4FY24 results on Friday. The stock closed up by 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.