Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 19

On Monday, the market had a mixed performance with trading mostly within a narrow range. The main stock index, Sensex, ended slightly higher, up by 0.14% at 72,748.42, while the Nifty50 index also saw a slight increase, up by 0.15% to close at 22,055.70.

Among individual stocks, Tata Steel, M&M, and JSW Steel saw gains, whereas Tata Consumer Product, UPL, and Infosys experienced losses.

In terms of sector performance, industries like Metal, Auto, Media, and Energy showed gains, while sectors like IT, FMCG, Financial Services, and Banking faced losses.

The broader market saw a decline, with the Nifty Midcap index ending 0.39% lower and the Nifty Smallcap index plunging by 0.57%.

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

1. Jindal Poly Films Ltd (Rs 532.20)

   Jindal Poly Films Ltd is a part of the B.C. Jindal group. It is the largest manufacturer of BOPET and BOPP films in India. The company produces BOPET, BOPP, CPP, Thermal, Metalized and Coated Films. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 23 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Gensol Engineering Ltd (Rs 799.3)

   Gensol Engineering Ltd is engaged in the business of Solar consulting & EPC. The shares of the company were locked in an upper circuit of 5% for the day indicating bullish momentum. Hence add this stock to the watchlist.

3. The Anup Engineering Ltd (Rs 3,130.60)

   Shares of The Anup Engineering Ltd reached a new 52-week high price of Rs 3,200 today. The company manufactures Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges and Formed Components. Thus keep this stock on the watchlist.

4. EKI Energy Services Ltd (Rs 341.95)

   EKI Energy Services Ltd, a global leader in carbon offset solutions, is proud to share the news of its recognition as the leading renewable energy developer in Abatable’s Voluntary Carbon Market Developer Overview Report for the year 2023. This accolade solidifies EKI’s commitment to sustainable solutions and marks its consecutive success, having been ranked number one globally in 2022 & 2023. Given this development keep the stock in your watchlist

5. H.G. Infra Engineering Ltd (Rs 893.75)

   H.G. Infra Engineering Ltd, an Indian company specializing in road infrastructure, provides Engineering, Procurement, and Construction (EPC) services along with maintenance for various infrastructure projects. Recently, it secured letters of award from Jodhpur Vidyut Vitran Nigam Limited, partnering with Stockwell Solar Services Private Limited JV Consortium, for four solar business projects. The estimated development cost for these projects amounts to approximately Rs 1026 crore. Thus keep this stock in your 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.