Overnight Digest: Top 5 mid and small-cap stocks to watch out for March 2

On Friday, the main stock market gauges ended the trading session on a high note. The Sensex surged significantly by 1.72%, reaching a new all-time high of 73,819.21, while the Nifty also climbed by 1.62%, hitting a record high of 22,353.30.

Key sectors like Nifty Metal, Nifty Bank, and Nifty Auto performed well, while Nifty Media, Nifty Pharma, and Nifty IT faced losses.

Leading gainers in the Nifty 50 included Tata Steel, JSW Steel, and L&T, while Dr Reddy’s Laboratories, HCL Technologies, and Sun Pharma were among the top losers.

Moreover, the broader market saw notable gains, with the Nifty Midcap rising by 0.94% and the Nifty Smallcap by 0.52%.

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

1. Suven Pharmaceuticals Ltd (Rs 686.10)

   Suven Pharmaceuticals Ltd is in the business of a contract development & manufacturing organisation (CDMO), catering to the needs of the global Pharma Industry. The shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by almost 57 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Sical Logistics Ltd (Rs 235.2)

   Sical Logistics Ltd is a leading integrated logistics solutions provider. The Company is into port handling, road and rail transport, warehousing, shipping, retail logistics, mining and integrated logistics. The shares of the company were locked in an upper circuit of 5% indicating bullish momentum. Hence add this stock to the watchlist.

3. The Hi-Tech Gears Ltd (Rs 546.55)

   Shares of Thyrocare Technologies Ltd reached a new 52-week high price of Rs 722.65 today. The Hi-Tech Gears Ltd is an auto components manufacturer primarily engaged in the business of manufacturing gears and transmission components. Thus keep this stock on your watchlist.

4. PVR Inox Ltd (1,391.50)

   PVR Inox Ltd is India’s largest and most premium film exhibition company. Today, The company announced the opening of 14 14-screen Megaplex at Phoenix Mall of the Millennium, Waked, Pune and 4-screen Multiplex at City Centre, Patna. With this launch, PVR INOX now operates the largest multiplex network with 1,726 screens across 362 properties in 113 cities (India and Sri Lanka). Given these positive developments, add this stock to the watchlist.

5. S H Kelkar & Company Ltd (Rs 205.95)

   S H Kelkar and Company Limited is engaged in the manufacture, supply and export of fragrances and aroma ingredients. The company announced today that it has successfully incorporated a wholly owned subsidiary, Keva USA Inc., to evaluate the potential of the local market and monetize a library of products under the company’s portfolio including patented molecules to service the local customer therein.

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.