Overnight Digest: Top 5 mid and small-cap stocks to watch out for February 14

The market ended the day on a positive note after experiencing some ups and downs. It managed to recover half of the losses from Monday’s session. The Sensex, which tracks the performance of 30 major stocks, closed moderately higher by 0.68% at 71,555.19 points, while the Nifty, representing 50 major stocks, also saw a gain of 0.59%, closing at 21,743.25 points.

Among the sectors, Nifty Bank, Nifty Financial Services, Nifty PSU Bank, and Nifty Energy showed strong gains, whereas Nifty Metal and Nifty Media faced losses.

Some of the top gainers in the Nifty 50 index included Coal India, UPL, and ICICI Bank, while Hindalco, Grasim, and Ultratech Cement were among the top losers. Notably, Reliance Industries became the first Indian company to achieve a market capitalization of Rs 20 lakh crore.

Similarly, the broader market also saw moderate gains, with the Midcap Index showing a sharp recovery of nearly 1,000 points from its lows. The Nifty Midcap index closed higher by 0.34%, while the Nifty Smallcap index surged by 0.17%.

Here is the list of the Top 5 Mid and Small-cap stocks to watch

1. Ethos Ltd (Rs 2,445.35)
   
   Ethos Ltd is set to release its Q3FY2024 results on February 14. Thus, it is advisable to add this stock to the watchlist. The company was incorporated on November 5, 2007, and promoted by KDDL Limited. Ethos is India’s largest luxury and premium watch retail player.
2. Borosil Ltd (Rs 386.35)
   
   Borosil Ltd is a supplier of laboratory glassware, microwaveable kitchenware and opalware in India. It sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities. The stock experienced a significant surge in trading volume today, surpassing its weekly average by almost 25 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
3. Ganesh Housing Corporation Ltd (Rs 704.3)
   
   Ganesh Housing Corporation Ltd is a part of the Ganesh Group founded in 1991. GHCL has built a strong presence in and around Ahmedabad. Today, the shares of the company were locked in an upper circuit of 10% showcasing strong bullish momentum. Hence it is a potential contender for the watchlist.
4. DCM Shriram Industries Ltd (Rs 209.3)
   
   DCM Shriram Industries Ltd has reached its new 52-week high price of Rs 409.20. It is primarily engaged in the production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibres.
5. NMDC Steel Ltd (Rs 59.35)
   
   NMDC Steel Ltd, a Navratna Public Sector Enterprise under the Ministry of Steel, Government of India is the single largest producer of iron ore in India. It owns and operates iron ore mines in Chhattisgarh and Karnataka and has its registered office in Hyderabad, Telangana. The company is set to release its Q3FY2024 results on February 14. Thus, it is advisable to add this stock to the watchlist.

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.