Midcap Market Mixed: IRFC Best Performer, SJVN Worst; Upcoming Results and Technical Calls to Watch
The BSE midcap index is down by -0.28% today, with 49 stocks advancing and 74 stocks declining. Some key midcap stocks are set to declare their results in the next few days, while there have been some recent upgrades and changes in technical calls for certain stocks in this segment.
The midcap segment of the market has been a mixed bag today, with the BSE midcap index down by -0.28%. However, there have been some notable performers within this segment. The best performer has been IRFC with a return of 8.41%, while the worst performer has been SJVN with a return of -3.86%.
Looking at the advance-decline ratio of stocks in this midcap segment, we can see that 49 stocks are advancing while 74 stocks are declining, resulting in a ratio of 0.66x. This indicates that there is a slight negative sentiment in the market today.
Investors should keep an eye on the upcoming results of some key midcap stocks in the next few days. Oracle Fin.Serv., Tata Comm, Polycab India, Supreme Inds., and Persistent Sys are all set to declare their results on 17th, 18th, 18th, 19th, and 20th January 2024 respectively.
In terms of stock upgrades, Coromandel Inter, CG Power & Indu., Indraprastha Gas, P I Industries, and Tata Elxsi have all recently been upgraded from mildly bullish to bullish or sideways to mildly bullish. Additionally, Indraprastha Gas and P I Industries have also been upgraded from Hold to Buy.
On the other hand, there have been some changes in technical calls for stocks in this midcap index. Coromandel Inter, CG Power & Indu., Indraprastha Gas, P I Industries, and Tata Elxsi have all recently seen changes in their technical calls, with some moving from mildly bullish to bullish and others from Hold to Buy.
Overall, the midcap segment of the market is showing mixed trends today, with some stocks performing well and others struggling. Investors should keep a close watch on the upcoming results and any changes in technical calls for these midcap stocks.
Our weekly and monthly stock recommendations are here
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