Large Cap Stocks Show Mixed Performance, Infosys Upgraded to Buy

May 07 2024 02:00 PM IST
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The BSE 100 index has seen a decline, but Infosys has been upgraded, showing a positive outlook for the company. Upcoming results for TVS Motor Co., Hero MotoCorp, Larsen & Toubro, Tata Power Co., and Bharat Forge should also be monitored closely.
The stock market has been showing a bullish trend for some of the top companies in the large cap segment. Axis Bank, NTPC, Hero MotoCorp, Bharat Electron, and Shriram Finance have all been rated as bullish to mildly bullish in recent technical calls. The BSE 100 index, which represents the large cap companies, has seen a decline of -0.75% today and -1.3% in the last 5 days. However, Infosys has been upgraded from hold to buy, indicating a positive outlook for the company. Among the large cap companies, Marico has been the best performer with a return of 9.48%, while SRF has been the worst performer with a return of -6.47%. The advance decline ratio for large cap stocks is currently at 0.35x, with 26 stocks advancing and 75 stocks declining. Investors should keep an eye on the upcoming results of TVS Motor Co., Hero MotoCorp, Larsen & Toubro, Tata Power Co., and Bharat Forge, which are all set to declare their results on 08th May 2024. In recent upgrades, the following stocks have seen an increase in their scores in the large cap segment: Axis Bank, NTPC, Hero MotoCorp, Bharat Electron, and Shriram Finance. This indicates a positive sentiment towards these companies and their potential for growth in the market. Overall, the large cap segment has been performing well, with some companies showing strong growth and others facing challenges. Investors should carefully analyze the technical calls and upcoming results to make informed decisions in the market.

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