Midcap Stocks Show Mixed Performance, Some Upgrades in Technical Calls

Sep 19 2024 02:00 PM IST
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The midcap segment of the market has seen a decline in the past few days, with the BSE midcap index down by -1.38% today and -2.15% in the last 5 days. However, there have been some standout performers and underperformers, with AU Small Finance being the best performer and Vodafone Idea being the worst. Some individual stocks, such as Crompton Gr. Con, Jindal Steel, and CG Power & Ind, have shown bullish trends. Recent changes in technical calls and upgrades in stock scores suggest potential buying opportunities for investors. The current advance decline ratio for midcap stocks is 0.33x.
The midcap segment of the market has been experiencing a downward trend in the past few days, with the BSE midcap index down by -1.38% today and -2.15% in the last 5 days. However, amidst this overall decline, there have been some standout performers and underperformers. AU Small Finance has been the best performer in the midcap segment with a return of 3.60%, while Vodafone Idea has been the worst performer with a return of -14.95%. In terms of individual stocks, Crompton Gr. Con, Jindal Steel, CG Power & Ind, Abbott India, and Balkrishna Inds have all shown bullish to mildly bullish trends. Recently, there have been some changes in the technical calls for these stocks, with CG Power & Ind, Jindal Steel, and Indraprastha Gas being upgraded from Hold to Buy. The advance decline ratio for midcap stocks currently stands at 31 advancing stocks and 94 declining stocks, with a ratio of 0.33x. In addition, there have been some recent upgrades in the stock scores for this midcap segment. Investors should keep an eye on these stocks and their technical calls as they may present potential buying opportunities in the current market conditions.

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