Mid Cap Segment Sees Changes in Technical Calls and Upgraded Scores

Nov 08 2024 02:00 PM IST
share
Share Via
The mid cap segment of the stock market has been in the spotlight recently, with changes in technical calls for several stocks. Despite a decline in the overall BSE midcap index, Page Industries has been the top performer while Aarti Industries has been the worst performer. The advance decline ratio shows that declining stocks are currently favored in this segment. Upcoming results for Aurobindo Pharma, Jubilant Food, The Ramco Cement, Bank of India, and NMDC should also be monitored, as these stocks have recently received upgraded scores.
The stock market is constantly evolving and today, we take a look at what's driving the market in the mid cap segment. NMDC and Page Industries have been in the spotlight recently, with both stocks receiving a "Hold to Buy" recommendation.

But it's not just these two stocks that are making waves in the mid cap segment. FSN E-Commerce, Abbott India, P I Industries, Gujarat Fluoroch, and Mazagon Dock have also seen a change in their technical calls. FSN E-Commerce is now sideways to mildly bullish, while Abbott India, P I Industries, and Gujarat Fluoroch have all shifted from bullish to mildly bullish. Mazagon Dock, on the other hand, has moved from bullish to mildly bullish.

Despite these changes, the overall mid cap segment has seen a decline of -0.9% in the BSE midcap index. However, Page Industries has been the best performer with a return of 7.31%, while Aarti Industries has been the worst performer with a return of -6.92%.

Looking at the advance decline ratio, we can see that 26 stocks are advancing while 106 stocks are declining, with a ratio of 0.25x. This indicates that the market is currently favoring declining stocks in the mid cap segment.

Investors should also keep an eye on the upcoming results of Aurobindo Pharma, Jubilant Food, The Ramco Cement, Bank of India, and NMDC, which are all set to declare their results in the next few days.

In addition, some stocks in the mid cap segment have recently received an upgraded score. These include Aurobindo Pharma, Jubilant Food, The Ramco Cement, Bank of India, and NMDC. This could be a positive sign for these stocks and investors should keep an eye on their performance in the coming days.

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