Large Cap Index Sees Shifts in Technical Calls, Performance, and Upcoming Results
Today, the large cap index has seen some shifts in technical calls and upcoming results, with some stocks showing improvements in their scores. Adani Enterp. has been the best performer while Cipla has been the worst performer in the large cap segment. The advance decline ratio is 1.44x with 59 advancing stocks and 41 declining stocks. Eicher Motors, Cipla, Lupin, and Sun Pharma.Inds. have all recently been upgraded from Hold to Buy, indicating potential for positive returns. Investors should stay informed and monitor these developments closely.
The stock market is constantly changing and today, we are seeing some interesting shifts in the large cap index. Let's take a look at what's driving the market today.
HDFC Bank, Varun Beverages, Sun Pharma.Inds., Apollo Hospitals, and Eicher Motors are the top stocks in the large cap index that have recently seen a change in their technical call. HDFC Bank has shifted from mildly bullish to bullish, while Varun Beverages has moved from mildly bearish to mildly bullish. Sun Pharma.Inds. and Apollo Hospitals have both become mildly bullish to bullish, and Eicher Motors has also seen a similar shift.
In terms of overall performance, the large cap segment (BSE 100) is down by -0.01%. However, within this segment, Adani Enterp. has been the best performer with a return of 4.54%, while Cipla has been the worst performer with a return of -3.78%. The advance decline ratio for stocks in this large cap segment is 59 advancing stocks to 41 declining stocks, with a ratio of 1.44x.
Investors should also keep an eye on the upcoming results of some major companies in the large cap index. I R C T C, Titan Company, Dr Reddy's Labs, Tata Steel, and Trent are all set to declare their results in the next few days.
In terms of stock upgrades, Eicher Motors, Cipla, Lupin, and Sun Pharma.Inds. have all recently seen an upgrade in their scores from Hold to Buy. This could be a positive sign for investors looking to add these stocks to their portfolio.
Overall, the large cap index is showing some interesting movements today, with changes in technical calls, performance, and upcoming results. Investors should keep a close watch on these developments to make informed decisions in the market.
Our weekly and monthly stock recommendations are here
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