Midcap Segment Leads Market with Strong Performance, Top Performers and Upgraded Stocks
The midcap segment of the market has been the top performer today, with the BSE midcap index up by 0.49%. Linde India has seen a return of 9.05%, while Patanjali Foods has been the worst performer with a return of -2.92%. The advance decline ratio is at 2.47x, indicating a positive sentiment. Nuvoco Vistas and Castrol India have been upgraded to bullish, while other stocks have seen an improvement in their scores. Investors are advised to keep an eye on Kansai Nerolac, Page Industries, and other midcap stocks for potential investment opportunities.
The midcap segment of the market has been the best performer today, with the BSE midcap index up by 0.49%. In the last 5 days, this segment has seen a significant increase of 1.83%. Among the top performers in this segment is Linde India, with a return of 9.05%. On the other hand, Patanjali Foods has been the worst performer with a return of -2.92%.
Investors are advised to hold or buy stocks of Kansai Nerolac and Page Industries, as their technical calls have recently changed. The advance decline ratio of stocks in this midcap segment is at 89 advancing stocks to 36 declining stocks, with a ratio of 2.47x. This indicates a positive sentiment in the market.
In terms of stock scores, Nuvoco Vistas has been upgraded from none to mildly bullish, while Castrol India has moved from mildly bullish to bullish. Indraprastha Gas, Kansai Nerolac, and CRISIL have also seen an upgrade in their scores from mildly bullish to bullish or sideways to mildly bullish.
Overall, the midcap segment is driving the market today with its strong performance. Investors are advised to keep an eye on the stocks mentioned above and make informed decisions based on their technical calls and scores. With the positive sentiment in this segment, it is a good time to consider investing in midcap stocks.
Our weekly and monthly stock recommendations are here
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