Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 10

Thursday saw a weak market, closing at its lowest point in two months, with widespread declines across frontline indices. The Sensex dropped by 1.45% to close at 72,404.17, and the Nifty fell by 1.55% to 21,957.50.

Nifty Auto was the lone sector to end positively, while Nifty Energy, Nifty Metal, and Nifty FMCG were the top losers.

Hero Motocorp, Tata Motors, and M&M were among the top gainers, while L&T, Asian Paints, and BPCL were among the top losers in the Nifty 50.

The negative sentiment was evident with 255 advancing stocks compared to 1856 declining ones. The broader market saw significant losses, with Nifty Midcap down by 1.85% and Nifty Smallcap plummeting by 2.83%.

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

1. Vijaya Diagnostic Centre Ltd (Rs 727)

Vijaya Diagnostics Centre Ltd is a leading diagnostic Medicare services provider in Southern India and offers comprehensive services that include nuclear medicine, radiology, laboratory, health check-ups and medical services. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 17 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

2. Trust Fintech Ltd is (Rs 313.50)

Trust Fintech Ltd is a software development company that specializes in providing Core Banking Software, IT Solutions, and ERP Implementation for the BFSI sector. Shares of the company were locked in an upper circuit of 10% for the day indicating increased buyer interest. The stock has delivered 118.85% return since year till date. Hence given such momentum, keep this stock in your radar.

3. Anant Raj Ltd (Rs 365.80)

Today, the shares of Anant Raj Ltd reached a new 52-week high price of Rs 377.30 signalling bullish momentum. It is primarily engaged in the development and construction of IT parks, hospitality projects, SEZs, office complexes, shopping malls and residential projects in the State of Delhi, Haryana, Andhra Pradesh, Rajasthan and NCR. Add this stock to the watchlist.

4. Affle Ltd (Rs 1,058.70)

Affle Ltd is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire and drive transactions with their potential and existing users. Their recent patent approval in India, enhancing their IP portfolio, focuses on “Method and system for distribution of advertisement fraud data to third parties”. This development warrants inclusion in tomorrow’s stock watchlist

5. TCI Express Ltd (Rs 1,106)

TCI Express Ltd is an express cargo logistics company with its own set up across India. It carries distribution through various modes of transport and is specialized in offering time definite solutions. The company is set to release its Q4FY24 results on Friday. The stock closed up by 4.39% today. Given this positive development, it is prudent to closely monitor the stock.

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.