On Thursday, Benchmark indices closed positively with Sensex up 0.78% to a record 81,343.46 and Nifty rising 0.76% to 24,800.85. However, the broader market declined as Nifty Mid-cap fell 0.96% and Nifty Small-cap dropped 1.22%. India VIX increased by 2.02%, reflecting higher market volatility.
Nifty Financial Services, FMCG, and IT sectors gained, while Media and Metal sectors lagged. Advancing stocks were 1,425 against 2,500 declining stocks, indicating broader market negativity.
Here is the list of the top 5 mid and small-cap stocks to watch
Aadhar Housing Finance Ltd’s shares hit a new high of Rs 484, showing strong upward momentum. With a 12.58% return in the past month, it stands as one of the largest low-income housing finance companies in India, serving the home financing needs of the low-income sections. Add this stock to your watchlist.
Tata Teleservices (Maharashtra) Ltd is engaged in the business of Wired and wireless telecommunication activities and holds a Unified License with Access Service Authorisation in Maharashtra and Goa. Shares of the company were locked in an upper circuit of 20% for the day indicating increased buyer interest. The stock has delivered 33.12% returns in the past 1 year. Hence given such momentum, keep this stock in your radar.
Just Dial Ltd. is the market leader in local search engine segment in India. The Company provides local search-related services to users across India in a platform-agnostic manner. Shares of the company experienced a significant surge in trading volume today, surpassing its weekly average by 31.01 times. The shares were also locked in the upper circuit of 20%. Considering this positive signal, it’s advisable to consider adding this stock to your watchlist.
Shares of the Aditya Birla Sun Life AMC Ltd closed up by 0.2% today. The stock has delivered a year-to-date return of whopping 49.45% and reached a new 52-week high of Rs 732.40. The Co. offers Mutual Fund services, Portfolio Management services, offshore and real estate offerings. It is advisable to keep this stock on your watchlist.
Power Mech Projects Ltd Is an engineering and construction company providing integrated service in erection, testing and commissioning (ETC) of boilers, turbines and generators and balance of plant (BOP), civil works and operation and maintenance (O&M). The Company has received an order worth Rs.209.50 crores – Operation and Maintenance of 3X91.5 MW CPP at Hindustan Zinc Limited, Chanderiya, Chittorgarh for a period of 4 years. The company has given a return of 58% in the past 1 year. 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.
Published on: Jul 18, 2024, 6:36 PM IST
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