Mixed Trends in Stock Market: ONGC and Maruti Suzuki Upgraded, Positive Advance-Decline Ratio

May 24 2024 01:00 PM IST
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Today, the stock market has seen a mix of trends, with some stocks holding steady and others experiencing a rise in value. ONGC and Maruti Suzuki have been upgraded to a buy rating due to their recent performance, while Interglobe Aviation has been the worst performer. The overall advance-decline ratio for large cap stocks is positive, with 53 advancing and 48 declining. Investors should pay attention to upcoming results for Divi's Lab and IRCTC, as they could impact stock prices. The large cap segment has seen some positive changes, with Power Fin.Corpn. being the top performer and Interglobe Aviation being the worst. It is important for investors to stay informed and make informed decisions based on the latest updates and trends.
The stock market has been showing mixed trends today, with some stocks holding steady while others are seeing a rise in their value. Among the large cap stocks, ONGC and Maruti Suzuki have been upgraded from a hold to a buy rating. This is due to their recent performance, with ONGC seeing a 2.1% increase in the last 5 days and Maruti Suzuki showing a 0.2% rise. In terms of technical calls, we have seen a bullish trend for stocks like I O C L, Max Healthcare, St Bk of India, Bajaj Auto, and Zomato Ltd. On the other hand, Interglobe Aviation has been the worst performer with a return of -2.55%. However, the overall advance-decline ratio for large cap stocks is positive, with 53 stocks advancing and 48 declining. Investors should keep an eye on the upcoming results of Divi's Lab and IRCTC, which are set to be declared on 25th and 28th May respectively. These results could have an impact on the stock prices of these companies. In terms of stock score upgrades, we have seen some positive changes for stocks in the large cap segment. This includes Power Fin.Corpn. with a return of 6.72%. On the other hand, the worst performer in this segment has been Interglobe Aviation with a return of -2.55%. Overall, the large cap segment has been performing well, with some stocks showing a bullish trend. Investors should keep a close watch on the market and make informed decisions based on the latest updates and trends.

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