Mid Cap Stocks Show Mixed Sentiments, Some Upgraded to Buy
The stock market is currently experiencing a mix of bullish and mildly bullish sentiments. Some stocks, such as Vodafone Idea, Indian Renewable, Indian Hotels Co, Deepak Nitrite, and Canara Bank, are showing signs of bullishness, while others, like Gillette India and Indraprastha Gas, have been upgraded from Hold to Buy. The BSE midcap index has seen a decline of -0.31%, but is still the best performing segment with Jubilant Food showing a return of 3.33%. However, I R C T C has been the worst performer with a return of -4.09%. The advance decline ratio for mid cap stocks is currently at 0.88x, indicating a slightly bearish sentiment. Investors should keep an eye on the upcoming results of Rajesh Exports and Muthoot Finance, and take note of recent stock upgrades for Vodafone Idea, Indian Renewable, Indian Hotels Co, Deepak Nitrite, and Canara Bank.
Our weekly and monthly stock recommendations are here
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