Overnight Digest: Midcaps and Smallcaps to watch out for on June 25

BSE Midcap index and BSE Smallcap index slipped in trade on Thursday.

BSE Midcap index and BSE Smallcap index slipped in trade on Thursday. The stocks to watch out from the midcap and smallcap space include Ajmera Realty, Clarion chemicals, UTI AMC, Banco Products, Kisan Mouldings, PNB Housing, Hudco, Proctor Gamble Hygience and Healthcare and Jindal Worldwide for following reason: - 

1. 52-Week High: - Ajmera Realty, Proctor and Gamble Hygiene, Banco Products and kisan Mouldings made a fresh 52-Week high for themselves with good volumes. It is considered sentimentally positive for the underlying and it also may happen that the stock touching 52-Week high may see some profit booking as investors want to pocket some gains. Such stocks show high volatility and hence should be watched.

2. Only buyers: - There were 399 stocks that touched their upper circuit on Thursday on BSE. Reliance Home from ADAG group companies, TTML, Nagarjuna Fertilisers and Bajaj Hindustan Sugar are some of the low-priced stocks which saw only buyers and no sellers on Thursday. These stocks will be in focus on Friday.

3. Only sellers:- There were at least 263 stocks that touched their respective lower circuits on Thursday. Investors have to be watchful on Adani Power, Adani Transmission, 3I Infotech, JP Associates, HCC, RCOM, Reliance Defence and PNB Housing.

4. Jindal worldwide:- Jindal Worldwide announced results for Q4 and full year FY2021 recently. The company posted highest ever revenue growth. However, the stock has seen profit booking after positive results. This stock will be in focus on Friday.