Overnight Digest: Top 5 mid and small-cap stocks to watch out for February 23

Thursday witnessed a sharp recovery in the market, with benchmark indices closing at their day’s peak fueled by positive global cues. The Sensex surged by a notable 0.74%, reaching a level of 73,158.24, while the Nifty also saw a rise of 0.74%, hitting a new all-time high of 22,252.50. Leading the gainers were sectors like Nifty IT, Nifty Auto, Nifty Metal, and Nifty Media, while Nifty Bank and Nifty Financial Services faced losses. In terms of individual stocks, Bajaj Auto, HCL Technologies, and Eicher Motors were among the top performers, whereas IndusInd Bank, HDFC Bank, and Kotak Bank faced declines within the Nifty 50 index. The broader market followed suit, with the Nifty Midcap climbing by 1.02% and the Nifty Smallcap by 0.68%. The market sentiment remained positive, with 1269 stocks advancing compared to 978 stocks declining, portraying an optimistic outlook in the broader market. Here is the list of the top 5 mid and small-cap stocks to watch

1. Prataap Snacks Limited (Rs 1,225.05)
   

   The shares of Prataap Snacks Ltd experienced a significant surge in trading volume today, surpassing its weekly average by almost 38 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist. is an Indian snack food company engaged in manufacturing and marketing multiple product variants like potato chips, extruded snacks and namkeen (traditional Indian snacks) under the Yellow Diamond brand and sweet snacks under the Rich Feast brand.

2. Jubilant Industries Ltd (Rs 1,177.6)
   

   Jubilant Industries Ltd is engaged in the business of Manufacturing Agri Products and Performance Polymers through its wholly-owned subsidiary Jubilant Agri and Consumer Products Limited. The company’s shares were locked in an upper circuit of 5% showcasing strong bullish momentum. Hence it is a potential contender for the watchlist.

3. Quick Heal Technologies Ltd (Rs 571.85)
   

   Shares of Quick Heal Technologies Ltd reached its new high price of Rs 552.8 signalling bullish momentum. The company is engaged in the business of providing security software products. The Company caters to both domestic and international markets. Thus keep this stock on the watchlist.

4. DreamFolks Services Ltd (Rs 492.2)
   

   DreamFolks Services Ltd is India’s largest airport service aggregator platform. Today, India’s premier car rental service provider announced the expansion of its successful 4-year partnership with DreamFolks. Under the renewed agreement, Eco Mobility will provide luxury car rental service to DreamFolks Club members at 150+ airports in India and abroad.

5. Rushil Decor Ltd (Rs 361.35)
   

   Rushil Decor Ltd, a global leader in modern interior infrastructure and eco-friendly wood panels, announces its expansion into the eco-friendly plywood segment. The company, known for its sustainable MDF and laminates, is committed to environmentally responsible practices and aims to revolutionise the plywood industry with its latest venture. This news makes it a potential contender for the watchlist.

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.