Midcap Market Sees Mixed Trends Today, Upcoming Results and Stock Upgrades Drive Market
Today, the midcap market is showing a mixed trend with 9 stocks advancing and 118 stocks declining. Several companies are set to declare their results in the upcoming days, which could have a significant impact on the market. Some companies in the midcap segment have also seen upgrades in their stock scores, potentially attracting more investors. However, the overall market has seen a decline in the last 5 days. Nippon Life Industries has been the best performer, while Tata Communications has been the worst. Honeywell Auto has been upgraded from Hold to Buy, indicating a positive sign for investors. It is important for investors to closely monitor these developments to make informed decisions.
The midcap market is experiencing a mixed trend today, with 9 stocks advancing and 118 stocks declining, resulting in an advance decline ratio of 0.08x. However, there are some key factors driving the market today that investors should take note of.
Firstly, several companies in the midcap segment are set to declare their results in the upcoming days. These include Persistent Systems on 21st April, Tata Elxsi and M&M Financial Services on 23rd April, Indian Hotels Co and Oracle Financial Services on 24th April. These results are highly anticipated and could have a significant impact on the market.
In addition, there have been recent upgrades in the stock scores of some companies in the midcap segment. Honeywell Auto has been upgraded from mildly bullish to bullish, while CG Power & Industries, NHPC Ltd, Bank of India, and CRISIL have all been upgraded from bullish to mildly bullish. These upgrades could potentially attract more investors to these stocks.
However, the overall midcap market has seen a decline of -1.3% today and -3.1% in the last 5 days. Despite this, Nippon Life Industries has been the best performer with a return of 1.56%, while Tata Communications has been the worst performer with a return of -4.76%.
In terms of technical calls, Honeywell Auto has been upgraded from Hold to Buy in the midcap index. This could be a positive sign for investors looking to enter the market.
Overall, the midcap market is experiencing a mix of positive and negative trends today, with upcoming results and stock upgrades being the key drivers. Investors should keep a close eye on these developments to make informed decisions.
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