On January 17, 2024, the stock ratings for MOJO underwent some significant changes. A total of 23 stocks were affected, with 18 being downgraded to Sell and 5 being upgraded to Buy. Interestingly, there were no upgrades for large cap stocks, while 2 mid cap stocks and 2 small cap stocks saw their ratings improve. Additionally, 2 micro cap stocks from the Plastic Products sector were upgraded to Buy.

One of the notable upgrades was for Bombay Burmah, a mid cap stock from the FMCG sector. Its rating was upgraded from Hold to Buy, with a 3-month return of 31.08%. Another stock that saw an upgrade was Z F Steering, a micro cap stock from the Auto Anc sector, with a 3-month return of 13.62%. Kriti Industries, a micro cap stock from the Plastic Products sector, also saw its rating improve from Hold to Buy, with a 3-month return of 10.83%.

On the other hand, 13 micro cap stocks were downgraded to Sell, including Vishvprabha Ven. from the Trading sector, Foods & Inns from the FMCG sector, and Bansal Roofing from the Construction Material sector. The BSE 500 index, which tracks the performance of the top 500 companies listed on the Bombay Stock Exchange, saw a 3-month return of 13.01%.

One stock that stood out in terms of a downgrade was a stock from the Chemicals sector, which was downgraded to Strong Sell. This serves as a reminder to investors to always keep an eye on the ratings of their stocks and make informed decisions based on the latest updates. With these changes in MOJO stock ratings, investors should carefully review their portfolios and make necessary adjustments to ensure the best possible returns.