Polycab India Recommended as 'Hold to Buy' in Mid-Cap Index Amidst Volatile Market
The stock market has been turbulent lately, with Polycab India being recommended as a Hold to Buy stock in the mid-cap index. The mid-cap segment has seen a decline of -0.74% in the BSE mid-cap index and -0.41% in the last 5 days, but Clean Science has shown a return of 3.91%. The advance-decline ratio stands at 0.64x, with 49 stocks advancing and 77 declining. Upcoming results of Bank of India, Deepak Nitrite, Honeywell Auto, Cummins India, and 3M India should be monitored. Nuvoco Vistas, Solar Industries, LIC Housing Fin., Alkem Lab, and SJVN have been upgraded to Mildly Bullish in the mid-cap segment, indicating positive sentiment towards these stocks. Investors should carefully consider technical calls and stock scores before making any investment decisions in this segment.
The stock market has been a rollercoaster ride in recent times, with various factors driving the market today. One of the key players in the market, Polycab India, has been recommended as a "Hold to Buy" stock in the mid-cap index. This recommendation comes after a recent technical call change in the mid-cap segment, which has seen a decline of -0.74% in the BSE mid-cap index and -0.41% in the last 5 days.
Despite this, the mid-cap segment has been the best performer, with Clean Science showing a return of 3.91%. On the other hand, Cummins India has been the worst performer with a return of -7.46%. The advance-decline ratio in this segment stands at 49 stocks advancing and 77 stocks declining, with a ratio of 0.64x.
Investors should keep an eye on the upcoming results of Bank of India, Deepak Nitrite, Honeywell Auto, Cummins India, and 3M India, which are set to be declared in the next few days.
In terms of stock scores, Nuvoco Vistas, Solar Industries, LIC Housing Fin., Alkem Lab, and SJVN have all been upgraded from "None" or "Bullish" to "Mildly Bullish" in the mid-cap segment. This indicates positive sentiment towards these stocks and could potentially lead to an increase in their value.
Overall, the mid-cap segment has been volatile but has shown promising returns for certain stocks. Investors should carefully analyze the technical calls and stock scores before making any investment decisions in this segment.
Our weekly and monthly stock recommendations are here
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