Large Cap Stocks Expected to See Bullish Trend, Nestle India and Tech Mahindra Lead

Feb 28 2024 09:25 AM IST
share
Share Via
Today, the market is showing signs of bullishness with several large cap stocks performing well. Nestle India, Ashok Leyland, Britannia Industries, Tech Mahindra, and UltraTech Cement are all expected to see a bullish trend in the near future. Larsen & Toubro has been upgraded from a hold to a buy, while Vedanta has been the best performer with a return of 3.18%. The advance decline ratio for large cap stocks is currently balanced at 1.04x. Overall, the large cap segment has seen a slight increase in the BSE 100 index and investors should monitor the market closely for any further changes.
The market is showing signs of bullishness today, with several large cap stocks performing well. Nestle India, Ashok Leyland, Britannia Industries, Tech Mahindra, and UltraTech Cement are all expected to see a bullish trend in the near future. Nestle India is expected to be mildly bullish to bullish, while Ashok Leyland is predicted to remain sideways to mildly bullish. Britannia Industries and Tech Mahindra are both expected to see a bullish trend, with UltraTech Cement also showing signs of bullishness. In terms of recent technical changes, Larsen & Toubro has been upgraded from a hold to a buy. This large cap index has been the best performer, with Vedanta showing a return of 3.18%. On the other hand, Varun Beverages has been the worst performer with a return of -1.88%. The advance decline ratio for large cap stocks is currently at 1.04x, with 50 stocks advancing and 48 stocks declining. This indicates a relatively balanced market. In terms of overall performance, the large cap segment has seen a slight increase of 0.08% in the BSE 100 index. In the last 5 days, there has been a 0.01% increase in the Large Cap (BSE 100) index. Overall, the market is showing positive signs with several large cap stocks expected to see a bullish trend. Investors should keep an eye on the upgraded stocks and monitor the market closely for any further changes.

Mojo Stocks - The Top 1% Picks across Markets

Top 10 Large Cap Mid Cap Small Cap
{{col.header}}
Latest
OPEN CALL
CLOSED CALL
{{s[col.key]}} {{s.change_value}}
{{ s.score.value }} - {{ s.score.call_type }}
{{ s.dot_summary.score }} - {{ s.dot_summary.scoreText }}
{{s[col.key]}} {{col.extra}}

Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News