Overnight Digest: Top 5 mid and small-cap stocks to watch out for February 15

On Wednesday, the stock market bounced back nicely during the day, ending on a positive note. The Sensex, which measures the performance of 30 large companies listed on BSE, rose by 0.39% to close at 71,833.17 points. Similarly, the Nifty, representing 50 major companies on the NSE, went up by 0.45% to finish at 21,840.05 points.

Some stocks performed well, like BPCL, SBI, and ONGC, while others like Tech Mahindra, Cipla, and Sun Pharma saw declines. Reliance Industries continued its winning streak, reaching a record high for the second consecutive day.

Banks led the market recovery, with the Nifty Bank index rising by 3% from its lowest point. Within the banking sector, public sector banks saw increased buying activity, with SBI and Bank of Baroda being the top performers.

Indices like Nifty PSU Bank, Nifty Media, Nifty Energy, and Nifty Metal showed significant gains, whereas Nifty IT and Nifty Pharma were among the sectors that saw losses.

The broader market also saw positive movements, with the Nifty Midcap index rising by 1.04% and the Nifty Smallcap index jumping by 1.61%.

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

1. EPACK Durable Ltd (Rs 181.7)
   EPACK Durable Ltd is set to release its Q3FY2024 results on February 15. Thus, it is advisable to add this stock to the watchlist. EPACK Durable Limited is an Original Design Manufacturer (ODM) of room air conditioners.
2. Dilip Buildcon Ltd (Rs 455)
   Dilip Buildcon Ltd is presently in the business of development of infrastructure facilities on Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Government and other parties and special purpose vehicles promoted by the Company. The stock experienced a significant surge in trading volume today, surpassing its weekly average by almost 11 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
3. Mahanagar Telephone Nigam Ltd (Rs 42.8)
   Mahanagar Telephone Nigam Ltd is engaged in providing telecom services. 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. VLS Finance Ltd (Rs 298.55)
   VLS Finance Ltd has reached its new 52-week high price of Rs 310. It is primarily engaged in the business of financial services with a major presence in Asset Management, Strategic Private Equity Investments, Arbitrage and more.
5. R Systems Ltd (Rs 464)
   R Systems Ltd is a leading provider of technology, artificial intelligence, analytics and knowledge services. The company is set to release its Q3FY2024 results on February 15. 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.