HDFC Bank and Reliance Ind. Receive Positive Upgrades in Stock Scores

Apr 30 2024 04:00 PM IST
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Upcoming results of Ambuja Cements, Federal Bank, Dabur India, Adani Enterp., and Coal India should also be closely monitored.
HDFC Bank - from 4 to 5
Reliance Ind. - from 3 to 4 Today, the market has been driven by a mix of positive and negative trends. Across MCaps, we have seen that the large cap (BSE 100) is down by -0.11%. However, there are some stocks that have shown positive technical calls, such as Zomato Ltd, Axis Bank, NTPC, Shriram Finance, and Divi's Lab. These stocks have moved from either a neutral or mildly bullish stance to a bullish one. Among the large cap segment, Power Fin.Corpn. has been the best performer with a return of 6.21%, while I O C L has been the worst performer with a return of -4.44%. The advance decline ratio of the stocks in this segment is 51 advancing and 49 declining, with a ratio of 1.04x. Investors should keep an eye on the upcoming results of Ambuja Cements, Federal Bank, Dabur India, Adani Enterp., and Coal India, which are set to be declared in the next few days. In terms of stock scores, HDFC Bank and Reliance Ind. have recently been upgraded from 4 to 5 and from 3 to 4, respectively. This indicates a positive outlook for these stocks and could potentially attract more investors. Overall, the market is showing a mix of positive and negative trends, with some stocks performing well and others struggling. Investors should carefully analyze the technical calls and stock scores before making any investment decisions.

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