Mid Cap Stocks Show Mixed Trend, Some Upgraded to Buy, Top Performer New India Assura

Feb 08 2024 09:25 AM IST
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The Indian stock market is experiencing a mixed trend today, with some mid cap stocks showing a bullish trend while others remain steady. Several stocks, including Gillette India, 3M India, and Ashok Leyland, have been upgraded from Hold to Buy, indicating a positive outlook for these stocks. The mid cap segment has been the best performer, with the BSE midcap index up by 0.8% today and 3.23% in the last 5 days. The advance decline ratio for mid cap stocks is currently at 2.51x, showing a positive sentiment among investors. Upcoming results of Emami, MRF, SJVN, P I Industries, and Alkem Lab should be monitored closely.
The Indian stock market is seeing a mixed trend today, with some stocks showing a bullish trend while others are holding steady. Among the mid cap stocks, Gillette India, 3M India, Federal Bank, Endurance Tech, and Ashok Leyland have all been upgraded from Hold to Buy. This indicates a positive outlook for these stocks in the near future. In terms of technical calls, Max Financial has moved from mildly bullish to bullish, while Honeywell Auto has shifted from sideways to mildly bullish. Voltas has also seen a bullish trend, moving from bullish to mildly bullish. Vodafone Idea and Uno Minda have both shown a positive shift, moving from mildly bullish to bullish. The mid cap segment has been the best performer in the market, with BSE midcap index up by 0.8% today and 3.23% in the last 5 days. New India Assura has been the top performer in this segment, with a return of 11.77%. On the other hand, I O B has been the worst performer with a return of -5.17%. The advance decline ratio for mid cap stocks is currently at 2.51x, with 88 stocks advancing and 35 stocks declining. This indicates a positive sentiment among investors for mid cap stocks. Investors should keep an eye on the upcoming results of Emami, MRF, SJVN, P I Industries, and Alkem Lab, which are all set to declare their results on 09th Feb 2024. In terms of stock score upgrades, the following stocks have been upgraded recently in the mid cap segment: Gillette India, 3M India, Federal Bank, Endurance Tech, and Ashok Leyland. This further reinforces the positive outlook for these stocks in the market.

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