Overnight Digest: Top 5 mid and small-cap stocks to watch out for May 13

On Friday, key stock market indices rose modestly, with Sensex climbing 0.36% to 72,664.47 and Nifty up 0.44% to 22,055.20.

Nifty Energy, Metal, and FMCG sectors posted gains, while Nifty IT, Realty, and PSU Bank sectors saw declines.

Top gainers included BPCL, NTPC, and Power Grid, while TCS, Cipla, and LTIMindtree were among the top losers in Nifty 50.

Advancing stocks outnumbered declining ones, with 1333 stocks advancing against 771 declining stocks, indicating positive market sentiment. The broader market also saw significant gains, with Nifty Midcap rising 0.86% and Nifty Smallcap climbing 0.69%.

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

1. Manorama Industries Ltd (Rs 580.10)

Manorama Industries Ltd is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. The company is expected to release its Q4FY24 results on May 12, 2024. The stock has closed up by 3.37% today indicating positive pre result sentiments. The stock has delivered 29.11% returns in past month. Hence, such developments warrant the inclusion of this stock in tomorrow’s watchlist

2. Thyrocare Technologies Ltd (Rs 629.15)

Thyrocare Technologies Ltd is engaged in the business of healthcare industry and is involved in providing quality diagnostic services at affordable costs to patients, laboratories and hospitals in India. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 28 times. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.

3. Shakti Pumps India Ltd (Rs 2,175.40)

Shakti Pumps India Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial and industrial applications. Shares of the company were locked in an upper circuit of 5% for the day indicating increased buyer interest. The stock has delivered 110.41% return since year till date. Hence given such momentum, keep this stock in your radar.

4. Kirloskar Brothers Ltd (Rs 1,432.00)

Today, the shares of Kirloskar Brothers Ltd reached a new 52-week high price of Rs 1,457 signalling bullish momentum. The company is engaged in the business of engineering and manufacturing of systems for fluid management. The core businesses include large infrastructure projects (Water Supply, Power Plants, and Irrigation), Pumps, Valves, Motors and Hydro turbines. Add this stock to the watchlist.

5. Advanced Enzyme Technologies Ltd (Rs 395.25)

Advanced Enzyme Technologies Ltd is engaged in the business of manufacturing and sales of enzymes. The company is set to release its Q4FY24 results on Saturday. The stock closed up by 2.9% 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.