List of small caps under watch,  identified by shadowing mutual funds:

1. Intellect Design Arena Ltd --- (Reliance Mutual fund)  -- Significant Insider buying

2. Sadbhav Engineering --- (DSP mutual fund) -- Promoter pledging of shares

3. Texmaco Rail and Engineering

4. Finolex Cables Ltd

5. eClerx Services Ltd

6. Yes Bank

7. Jubliant Foodworks

8. Indus Ind Bank