Overnight Digest: Top 5 mid and small-cap stocks to watch out for April 30

On Monday, the stock market rebounded from Friday’s losses, driven by gains in financial stocks, with the Nifty Bank index reaching a record high and posting its largest increase in two months. The Sensex surged by 1.28% to close at 74,671.28, while the Nifty rose by 1% to close at 22,643.40.

The top gaining sectors were Nifty PSU Bank, Nifty Bank, Nifty Financial Services, and Nifty Energy, while Nifty Realty, Nifty IT, and Nifty Auto were among the top losers.

ICICI Bank, SBI, and IndusInd Bank were among the top-performing stocks, while HCL Technologies, Apollo Hospitals, and Bajaj Auto were among the top losers in the Nifty 50 index.

The market sentiment remained positive, with 1076 stocks advancing compared to 1037 stocks declining, indicating a broad positive sentiment. Additionally, the broader market saw moderate gains, with Nifty Midcap closing higher by 0.42% and Nifty Smallcap gaining by 0.22%.

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

1. Aarti Surfactants Ltd (Rs 722.05)
   

   Aarti Surfactants Ltd manufactures surfactants and specialty products, serving Home & Personal Care, Industrial Applications, Agro and Oil industries in India and overseas. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 34 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Schneider Electric Infrastructure Ltd (Rs 794.55)
   

   Schneider Electric Infrastructure Ltd is engaged in the business of manufacturing, designing, building and servicing technologically advanced products and systems for the electricity network. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 92.85% return for the year till date. Hence given such momentum, keep this stock in your radar.

3. Dolat Algotech Ltd (Rs 120.6)
   

   Today, the shares of Dolat Algotech Ltd reached a new 52-week high price of Rs 122.45, signalling bullish momentum. The company is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading Add this stock to the watchlist.

4. Aditya Vision Ltd (Rs 3,507)
   

   Aditya Vision Ltd is engaged in trading of electronic items and is a service oriented electronic retail chain in Bihar dealing in consumer durables of all kinds. Today the company announced its 146th Showroom opening at Kishanganj, Bihar. With this opening the company is present in all 38 districts of Bihar with its showrooms. Thus, keep this stock in your radar.

5. Basilic Fly Studio Ltd (Rs 451.90)
   

   Basilic Fly Studio Ltd is a visual effects (VFX) studio headquartered in Chennai, India with subsidiaries operating in Canada and the UK. The company is set to release its Q4FY24 results on Tuesday. The stock closed up by 8.25% 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.