Overnight Digest: Mid cap and small cap stocks to watch out for on June 29!

BSE SmallCap index and BSE Midcap index outperformed Sensex with sugar stocks hogging the limelight

BSE SmallCap index and BSE Midcap index outperformed Sensex by gaining little over 0.4 per cent each. Sensex slipped by nearly 190 points or 0.36 per cent to close at 52,735.59 levels. 

The Midcaps and Smallcaps that will be in focus on June 29 are Thryocare Technologies, Visaka Industries, Uttam Sugar, Avadh Sugar, Dwarikesh Sugar, Reliance Infrastructure, Crompton greaves consumer electronics, Venues remedies, café coffee day, Reliance Capital, Reliance Power and Mcleod Russel, for following reasons: - 

1. Tyrocare Technologies: Investors have reacted negatively to the stake sale news to PharmEasy. The stock was top BSE SmallCap loser on Monday. Investors will be watching closely how the stock performs on Tuesday.   

2. Visaka Industries Ltd: The company announced that it will establish cement board plant at Coimbatore. The company will be in focus on June 29.  

3. Sugar Stocks: Sugar stocks are on tear gaining each day in a secular fashion. Uttam Sugar, Avadh Sugar, and Dwarikesh Sugar were the top gainers in the sugar industry on Monday. This stock will be in focus on Tuesday.   

4. Only Buyers: Reliance infrastructure, Crompton Greaves Consumer Electronics, Venus Remedies, Cafe Coffee Day & McLeod Russel saw only buyers on Monday. These stocks will be in focus on June 29.  

5. Ony Sellers: ADAG group stocks Reliance Capital and Reliance Power saw heavy selling with no buyers even at lower prices. These two ADAG group stocks will be in limelight on Tuesday.