51 Stocks See Technical Upgrades in Last 24 Hours, ITC and Shree Cement Among Top Performers

Jan 23 2024 10:24 AM IST
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In the past 24 hours, 51 stocks have seen an upgrade in their technical grade, with consistent trends in the last 5 days. This includes stocks from Large Cap, Mid Cap, and Small Cap categories, such as ITC, Shree Cement, DCM Shriram, CIE Automotive, Shanthi Gears, Pilani Invest., Asian Star Co., and Filatex Fash. These upgrades suggest potential growth and profitability for these stocks, making them worth considering for investment portfolios.
In the past 24 hours, there have been significant changes in the technical indicators of various stocks. A total of 51 stocks have seen an upgrade in their technical grade, with 5 stocks from the Large Cap category, 17 from Mid Cap, and 29 from Small Cap. This trend has been consistent in the last 5 days, with a total of 91 stocks having their technical grade upgraded. Among the stocks that have seen an upgrade in their technical grade are ITC, Shree Cement, DCM Shriram, CIE Automotive, Shanthi Gears, Pilani Invest., Asian Star Co., and Filatex Fash. ITC, a Large Cap stock in the Cigarettes/Tobacco industry, has seen its technical grade change from mildly bullish to bullish on 20th January 2024. With a score of 65 and a Hold recommendation, ITC's technical grade is now bullish, while its financial grade remains flat, quality grade is excellent, and valuation grade is very expensive. In the last 3 months, ITC has shown a return of 8.21%. Similarly, Shree Cement, a Large Cap stock in the Cement industry, has also seen an upgrade in its technical grade from mildly bullish to bullish on 20th January 2024. With a score of 64 and a Hold recommendation, Shree Cement's technical grade is now bullish, while its financial grade is positive, quality grade is good, and valuation grade is very expensive. In the last 3 months, Shree Cement has shown a return of 8.62%. Moving on to Mid Cap stocks, DCM Shriram, a Diversified company, has seen its technical grade change from mildly bullish to bullish on 20th January 2024. With a score of 50 and a Hold recommendation, DCM Shriram's technical grade is now bullish, while its financial grade is negative, quality grade is average, and valuation grade is attractive. In the last 3 months, DCM Shriram has shown a return of 4.04%. CIE Automotive, a Castings/Forgings company, has also seen an upgrade in its technical grade from mildly bullish to bullish on 20th January 2024. With a score of 58 and a Hold recommendation, CIE Automotive's technical grade is now bullish, while its financial grade remains flat, quality grade is average, and valuation grade is attractive. In the last 3 months, CIE Automotive has shown a return of 8.39%. Among the Small Cap stocks, Shanthi Gears, an Auto Anc company, has seen its technical grade change from mildly bullish to bullish on 20th January 2024. With a score of 62 and a Hold recommendation, Shanthi Gears' technical grade is now bullish, while its financial grade is very positive, quality grade is average, and valuation grade is very expensive. In the last 3 months, Shanthi Gears has shown a return of 36.62%. Pilani Invest., a Finance/NBFC company, has also seen an upgrade in its technical grade from mildly bullish to bullish on 20th January 2024. With a score of 36 and a Sell recommendation, Pilani Invest.'s technical grade is now bullish, while its financial grade is negative, quality grade is below average, and valuation grade is attractive. In the last 3 months, Pilani Invest. has shown a return of 26.85%. Asian Star Co., a Jewellery company, has seen its technical grade change from mildly bullish to bullish on 20th January 2024. With a score of 36 and a Sell recommendation, Asian Star Co.'s technical grade is now bullish, while its financial grade is very negative, quality grade is below average, and valuation grade is very attractive. In the last 3 months, Asian Star Co. has shown a return of 3.37%. Lastly, Filatex Fash., a Textile company, has also seen an upgrade in its technical grade from mildly bullish to bullish on 20th January 2024. With a score of 51 and a Hold recommendation, Filatex Fash.'s technical grade is now bullish, while its financial grade remains flat, quality grade is average, and valuation grade is very expensive. In the last 3 months, Filatex Fash. has shown a return of 28.97%. These changes in technical indicators can be seen as positive signs for these stocks, indicating potential growth and profitability in the future. Investors should keep a close eye on these stocks and consider them for their investment portfolios.

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