HDFC Bank and Sun Pharma.Inds. see positive upgrades in stock scores.

Oct 30 2024 01:00 PM IST
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Today, the stock market has seen some interesting changes in the large cap index. HDFC Bank and Sun Pharma.Inds. have both been upgraded, with HDFC Bank now showing a bullish trend and Sun Pharma.Inds. shifting to a mildly bullish trend. Other companies such as Varun Beverages, Apollo Hospitals, and Eicher Motors have also seen positive changes. The BSE 100 segment has been the best performer, with 64 stocks advancing and only 35 declining. Investors should also pay attention to upcoming results and upgrades in stock scores for companies like I R C T C, Titan Company, and Dr Reddy's Labs.
HDFC Bank - from 3.5 to 4
Sun Pharma.Inds. - from 3 to 3.5

The stock market is constantly changing and today, we have seen some interesting shifts in the large cap index. HDFC Bank has gone from mildly bullish to bullish, while Varun Beverages has shifted from mildly bearish to mildly bullish. Sun Pharma.Inds. has also seen a change from bullish to mildly bullish, along with Apollo Hospitals and Eicher Motors, both now showing a mildly bullish trend.

Eicher Motors has also been upgraded from hold to buy, along with Cipla and Lupin. Sun Pharma.Inds. has also been upgraded from hold to buy, showing positive signs for these stocks.

Looking at the overall market, we can see that the large cap segment, specifically the BSE 100, is up by 0.06% today and has also seen a 0.24% increase in the last 5 days. This segment has been the best performer, with Adani Enterp. showing a return of 4.62%. On the other hand, Cipla has been the worst performer with a return of -3.63%.

In terms of the advance-decline ratio, we can see that 64 stocks are advancing while 35 stocks are declining, with a ratio of 1.83x. This shows that the majority of stocks in this large cap segment are performing well.

Investors should also keep an eye on the upcoming results of some major companies in the next few days. I R C T C will be declaring their results on 04th Nov 2024, followed by Titan Company and Dr Reddy's Labs on 05th Nov 2024, Tata Steel on 06th Nov 2024, and Trent on 07th Nov 2024.

Lastly, we have also seen some upgrades in the stock scores of certain companies in the large cap segment. HDFC Bank has gone from 3.5 to 4, while Sun Pharma.Inds. has been upgraded from 3 to 3.5. This shows positive signs for these companies and investors should keep an eye on their performance in the coming days.

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