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Overnight Digest: Top 5 mid and small-cap stocks to watch out for December 1, 2023

30 November 20233 mins read by Angel One
Broad market indices, Nifty Smallcap 100 and Nifty Midcap, showed positive momentum by closing higher at 1.14% and 0.68%, respectively.
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In today’s trading session, the Nifty50 initiated with a flat opening at 20,108.50, following a bullish trend from the previous day. However, the day witnessed a struggle between market bulls and bears, leading to a subdued overall sentiment. Despite a dip to 20,015.85, the Nifty managed to recover, closing positively at 20,133.15.

Sector-wise, Nifty Healthcare and Nifty Pharma demonstrated resilience, emerging as top performers. Conversely, Nifty PSU Bank and Nifty Private Bank experienced a selloff, signalling a bearish trend in the banking sector.

Broad market indices, including Nifty Smallcap 100 and Nifty Midcap, showed positive momentum by closing higher at 1.14% and 0.68%, respectively. This suggests an overall bullish sentiment across diverse indices.

Top 5 Mid and Small-Cap Stocks to Watch:

Anant Raj Ltd 

Anant Raj Ltd, involved in the development of various projects, hit its 52-week high today, indicating strong potential. It’s recommended to add this stock to your watchlist.

B&B Triplewall Containers Ltd 

B&B Triplewall Containers Ltd, engaged in manufacturing corrugated boxes, witnessed significant buying interest today with volumes 50 times higher than the weekly average. The stock closed up by 16.8%.

Asian Energy Services Ltd 

Locked in an upper circuit for three consecutive sessions, Asian Energy Services Ltd, specializing in oilfield services, should be added to your watchlist.

Datamatics Global Services Ltd 

Datamatics Global Services Ltd launched TruCap+ Marketplace, aiming to accelerate the setup process for its TruCap+ Intelligent Document Processing customers, potentially reducing time-to-automation by up to 70%.

Vascon Engineers Ltd 

Vascon Engineers Ltd, a Construction Engineering company, announced plans to raise funds through the issuance of equity shares, not exceeding Rs 125 crore. This strategic move signals the company’s commitment to financial growth and project development.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions

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