Mid Cap Stocks Lead Market with Positive Trends and Upgrades

Apr 11 2024 03:00 PM IST
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The mid cap segment of the stock market has been performing well, with the BSE midcap index showing a 0.89% increase today and a 1.19% increase in the last 5 days. Gujarat Fluoroch has been the top performer with a return of 6.87%, while Uno Minda has been the worst performer with a return of -2.28%. Union Bank (I) and Power Fin.Corpn. have been upgraded from Hold to Buy, indicating a positive outlook for these stocks. Technical calls suggest that JSW Infrast will remain sideways to mildly bullish, while Colgate-Palmoliv, LIC Housing Fin., Castrol India, and Astral are expected to be mildly bullish to bullish. The advance decline ratio for mid cap stocks is currently at 1.59x, with 78 stocks advancing and 49 stocks declining, showing a positive sentiment in the market. Investors should keep an eye on the upcoming results of CRISIL, Tata Comm, ICICI Securities, Persistent Sys, and Tata Elxsi. Several mid cap stocks have recently been upgraded, further reinforcing the positive outlook for these stocks.
The stock market has been showing positive trends in the mid cap segment, with the BSE midcap index up by 0.89% today and 1.19% in the last 5 days. This segment has been the best performer, with Gujarat Fluoroch returning 6.87%, while Uno Minda has been the worst performer with a return of -2.28%. Among the mid cap stocks, Union Bank (I) and Power Fin.Corpn. have been upgraded from Hold to Buy. This indicates a positive outlook for these stocks and investors may consider buying them. In terms of technical calls, JSW Infrast is expected to remain sideways to mildly bullish, while Colgate-Palmoliv, LIC Housing Fin., Castrol India, and Astral are expected to be mildly bullish to bullish. The advance decline ratio for mid cap stocks is currently at 1.59x, with 78 stocks advancing and 49 stocks declining. This indicates a positive sentiment in the market. Investors should keep an eye on the upcoming results of CRISIL, Tata Comm, ICICI Securities, Persistent Sys, and Tata Elxsi, which are expected to be declared in the next few days. In terms of stock score upgrades, the following stocks have been upgraded recently: Union Bank (I), Power Fin.Corpn., JSW Infrast, Colgate-Palmoliv, LIC Housing Fin., Castrol India, and Astral. This further reinforces the positive outlook for these stocks.

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